Profund Advisors LLC purchased a new stake in Strategic Education, Inc. (NASDAQ:STRA – Get Rating) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,191 shares of the health services provider's stock, valued at approximately $212,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Edmond DE Rothschild Holding S.A. grew its stake in shares of Strategic Education by 53.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 394,071 shares of the health services provider's stock valued at $26,158,000 after acquiring an additional 137,148 shares in the last quarter. Swiss National Bank grew its stake in Strategic Education by 7.0% during the first quarter. Swiss National Bank now owns 55,338 shares of the health services provider's stock worth $3,673,000 after buying an additional 3,600 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Strategic Education by 5.7% during the first quarter. Teacher Retirement System of Texas now owns 4,800 shares of the health services provider's stock worth $319,000 after buying an additional 259 shares in the last quarter. IndexIQ Advisors LLC grew its stake in Strategic Education by 31.1% during the first quarter. IndexIQ Advisors LLC now owns 6,023 shares of the health services provider's stock worth $400,000 after buying an additional 1,428 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its stake in Strategic Education by 3.2% during the first quarter. Rice Hall James & Associates LLC now owns 276,273 shares of the health services provider's stock worth $18,339,000 after buying an additional 8,438 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.
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Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on STRA. Truist Financial increased their price objective on shares of Strategic Education from $65.00 to $75.00 in a research note on Thursday, July 28th. Barrington Research increased their price objective on shares of Strategic Education from $75.00 to $85.00 in a research note on Wednesday, July 27th.
Strategic Education Stock Down 1.8 %
STRA stock opened at $65.40 on Wednesday. The stock has a market capitalization of $1.61 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 1.70 and a beta of 0.44. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. Strategic Education, Inc. has a 12 month low of $48.01 and a 12 month high of $79.40. The firm has a 50-day moving average price of $69.23 and a 200-day moving average price of $65.53.
Strategic Education (NASDAQ:STRA – Get Rating) last posted its earnings results on Wednesday, July 27th. The health services provider reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.12). The company had revenue of $273.56 million during the quarter, compared to the consensus estimate of $275.88 million. Strategic Education had a return on equity of 4.44% and a net margin of 4.45%. The firm's revenue was down 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.55 EPS. As a group, equities research analysts anticipate that Strategic Education, Inc. will post 2.66 EPS for the current fiscal year.
Strategic Education Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, September 2nd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $2.40 dividend on an annualized basis and a yield of 3.67%. Strategic Education's dividend payout ratio (DPR) is presently 121.21%.
Strategic Education Profile
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Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company operates Strayer University that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and an executive MBA online through its Jack Welch Management Institute.
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