State of Tennessee Treasury Department lifted its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA – Get Rating) by 17.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,633 shares of the health services provider's stock after purchasing an additional 1,308 shares during the quarter. State of Tennessee Treasury Department's holdings in Strategic Education were worth $573,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Profund Advisors LLC bought a new stake in Strategic Education in the 1st quarter worth approximately $212,000. Edmond DE Rothschild Holding S.A. lifted its position in Strategic Education by 53.4% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 394,071 shares of the health services provider's stock worth $26,158,000 after buying an additional 137,148 shares during the last quarter. Swiss National Bank lifted its position in Strategic Education by 7.0% in the 1st 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 during the last quarter. Teacher Retirement System of Texas lifted its position in Strategic Education by 5.7% in the 1st 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 during the last quarter. Finally, IndexIQ Advisors LLC lifted its position in Strategic Education by 31.1% in the 1st 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 during the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.
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Strategic Education Stock Performance
Shares of STRA stock opened at $62.59 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.68 and a current ratio of 1.68. Strategic Education, Inc. has a fifty-two week low of $48.01 and a fifty-two week high of $79.40. The stock has a 50 day moving average price of $69.23 and a two-hundred day moving average price of $65.59. The company has a market capitalization of $1.54 billion, a P/E ratio of 31.61, a PEG ratio of 1.67 and a beta of 0.43.
Strategic Education (NASDAQ:STRA – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The health services provider reported $0.85 earnings per share for the quarter, missing the consensus estimate 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 net
margin of 4.45% and a return on equity of 4.44%. The business's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 EPS. Analysts expect that Strategic Education, Inc. will post 2.66 earnings per share for the current year.
Strategic Education Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, September 2nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.83%. Strategic Education's dividend payout ratio is presently 121.21%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the company. Truist Financial boosted their target price on Strategic Education from $65.00 to $75.00 in a research report on Thursday, July 28th. Barrington Research boosted their price objective on Strategic Education from $75.00 to $85.00 in a research report on Wednesday, July 27th.
About Strategic Education
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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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