Mutual of America Capital Management LLC Purchases 170 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Mutual of America Capital Management LLC raised its position in Strategic Education, Inc. (NASDAQ:STRAGet Rating) by 5.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,262 shares of the health services provider’s stock after purchasing an additional 170 shares during the period. Mutual of America Capital Management LLC’s holdings in Strategic Education were worth $217,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI bought a new stake in Strategic Education in the fourth quarter valued at approximately $29,000. Nisa Investment Advisors LLC increased its stake in Strategic Education by 65.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 506 shares of the health services provider’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Covestor Ltd bought a new stake in Strategic Education in the fourth quarter valued at approximately $32,000. Advisor Group Holdings Inc. increased its position in shares of Strategic Education by 107.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 776 shares of the health services provider’s stock worth $45,000 after acquiring an additional 402 shares in the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of Strategic Education during the fourth quarter worth $55,000. Institutional investors own 94.74% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Strategic Education from $75.00 to $81.00 and gave the stock a “maintains” rating in a research report on Thursday, July 28th. Truist Financial increased their price objective on shares of Strategic Education from $65.00 to $75.00 in a research report on Thursday, July 28th. Finally, Barrington Research increased their price objective on shares of Strategic Education from $75.00 to $85.00 in a research report on Wednesday, July 27th.

Strategic Education Stock Performance

Shares of STRA opened at $71.24 on Wednesday. Strategic Education, Inc. has a 12 month low of $48.01 and a 12 month high of $81.29. The firm has a fifty day simple moving average of $67.06 and a 200 day simple moving average of $63.86. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 1.80 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 (NASDAQ:STRAGet Rating) last announced its earnings results on Wednesday, July 27th. The health services provider reported $0.85 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.12). Strategic Education had a return on equity of 4.44% and a net margin of 4.45%. The business had revenue of $273.56 million for the quarter, compared to analyst estimates of $275.88 million. During the same quarter in the previous year, the company posted $1.55 EPS. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. Research analysts forecast that Strategic Education, Inc. will post 2.66 EPS for the current fiscal 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. This represents a $2.40 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, September 1st. Strategic Education’s payout ratio is 121.21%.

Strategic Education Company 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.

Further Reading

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Institutional Ownership by Quarter for Strategic Education (NASDAQ:STRA)

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