Strategic Education, Inc. (NASDAQ:STRA) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its holdings in Strategic Education, Inc. (NASDAQ:STRAGet Rating) by 75.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,261 shares of the health services provider’s stock after acquiring an additional 3,972 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Strategic Education were worth $569,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of STRA. Everence Capital Management Inc. lifted its position in Strategic Education by 42.1% during the second quarter. Everence Capital Management Inc. now owns 5,770 shares of the health services provider’s stock worth $407,000 after buying an additional 1,710 shares in the last quarter. Ingalls & Snyder LLC raised its holdings in shares of Strategic Education by 35.7% during the 3rd quarter. Ingalls & Snyder LLC now owns 15,794 shares of the health services provider’s stock worth $970,000 after acquiring an additional 4,157 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Strategic Education during the 2nd quarter valued at about $953,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Strategic Education by 5.5% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 6,877 shares of the health services provider’s stock valued at $485,000 after purchasing an additional 356 shares during the period. Finally, Covea Finance increased its position in Strategic Education by 15.8% during the second quarter. Covea Finance now owns 20,500 shares of the health services provider’s stock worth $1,447,000 after purchasing an additional 2,800 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Trading Up 1.8 %

Shares of STRA stock opened at $91.35 on Wednesday. Strategic Education, Inc. has a 1-year low of $48.01 and a 1-year high of $91.48. The firm has a market cap of $2.23 billion, a PE ratio of 44.13, a price-to-earnings-growth ratio of 1.71 and a beta of 0.53. The company has a 50-day moving average of $82.19 and a two-hundred day moving average of $72.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.55 and a quick ratio of 1.55.

Strategic Education (NASDAQ:STRAGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The health services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Strategic Education had a net margin of 4.69% and a return on equity of 4.14%. The firm had revenue of $263.10 million during the quarter, compared to analysts’ expectations of $260.41 million. During the same quarter last year, the company posted $0.59 EPS. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. On average, analysts predict that Strategic Education, Inc. will post 2.66 EPS for the current year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 5th. Shareholders of record on Monday, November 28th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, November 25th. This represents a $2.40 dividend on an annualized basis and a yield of 2.63%. Strategic Education’s dividend payout ratio (DPR) is presently 115.94%.

Analyst Ratings Changes

Several analysts have recently weighed in on STRA shares. raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Thursday, November 3rd. BMO Capital Markets raised their target price on Strategic Education from $82.00 to $88.00 in a research note on Friday, November 11th.

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

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