Fmr LLC lifted its stake in Strategic Education Inc (NASDAQ:STRA) by 33.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 251,981 shares of the health services provider’s stock after acquiring an additional 63,664 shares during the period. Fmr LLC owned approximately 1.13% of Strategic Education worth $38,717,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in STRA. Granahan Investment Management Inc. MA grew its stake in shares of Strategic Education by 44.8% in the first quarter. Granahan Investment Management Inc. MA now owns 310,848 shares of the health services provider’s stock worth $43,444,000 after acquiring an additional 96,223 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in Strategic Education by 44.5% during the first quarter. Lord Abbett & CO. LLC now owns 203,979 shares of the health services provider’s stock worth $28,508,000 after buying an additional 62,795 shares in the last quarter. State Street Corp boosted its stake in Strategic Education by 9.2% during the first quarter. State Street Corp now owns 692,103 shares of the health services provider’s stock worth $96,728,000 after buying an additional 58,067 shares in the last quarter. Invesco Ltd. boosted its stake in Strategic Education by 7.5% during the first quarter. Invesco Ltd. now owns 787,895 shares of the health services provider’s stock worth $110,115,000 after buying an additional 55,181 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in Strategic Education during the first quarter worth $7,061,000. Institutional investors and hedge funds own 94.99% of the company’s stock.
A number of research firms have weighed in on STRA. Zacks Investment Research downgraded shares of Strategic Education from a “hold” rating to a “strong sell” rating and set a $102.00 price target on the stock. in a research note on Tuesday, August 4th. TheStreet downgraded shares of Strategic Education from a “b” rating to a “c+” rating in a research note on Wednesday, August 26th. BidaskClub downgraded shares of Strategic Education from a “sell” rating to a “strong sell” rating in a research note on Friday, August 21st. Barrington Research restated a “buy” rating and issued a $185.00 target price on shares of Strategic Education in a research note on Thursday, July 9th. Finally, ValuEngine downgraded shares of Strategic Education from a “hold” rating to a “sell” rating in a research note on Thursday, September 3rd. Three analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $165.50.
Strategic Education stock opened at $90.01 on Wednesday. The stock has a 50-day simple moving average of $110.79 and a 200 day simple moving average of $142.08. Strategic Education Inc has a 12-month low of $87.80 and a 12-month high of $187.98. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 0.88 and a beta of 0.34.
Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Wednesday, July 29th. The health services provider reported $2.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.37. Strategic Education had a return on equity of 11.43% and a net margin of 11.16%. The business had revenue of $255.80 million during the quarter, compared to analysts’ expectations of $246.54 million. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts predict that Strategic Education Inc will post 6.7 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Friday, September 4th were issued a $0.60 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.67%. Strategic Education’s dividend payout ratio is 35.98%.
Strategic Education Company Profile
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.
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