Strategic Education, Inc. (NASDAQ:STRA) Shares Sold by BlackRock Inc.

BlackRock Inc. lowered its stake in shares of Strategic Education, Inc. (NASDAQ:STRA – Get Rating) by 3.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,649,679 shares of the health services provider’s stock after selling 137,337 shares during the period. BlackRock Inc. owned 0.15% of Strategic Education worth $224,128,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Wipfli Financial Advisors LLC purchased a new stake in shares of Strategic Education in the third quarter valued at about $47,000. Allspring Global Investments Holdings LLC raised its stake in Strategic Education by 15.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,135 shares of the health services provider’s stock worth $69,000 after purchasing an additional 156 shares during the period. US Bancorp DE boosted its holdings in Strategic Education by 585.2% in the 1st quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock valued at $86,000 after purchasing an additional 1,106 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Strategic Education by 16.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the health services provider’s stock valued at $95,000 after buying an additional 199 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Strategic Education during the 3rd quarter worth approximately $107,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Price Performance

STRA stock opened at $83.58 on Tuesday. The business’s fifty day moving average price is $89.00 and its 200 day moving average price is $77.52. Strategic Education, Inc. has a 12-month low of $58.25 and a 12-month high of $98.22. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $2.04 billion, a PE ratio of 43.08, a P/E/G ratio of 1.89 and a beta of 0.60.

Strategic Education (NASDAQ:STRA – Get Rating) last released its earnings results on Wednesday, February 22nd. The health services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.15). The firm had revenue of $269.90 million during the quarter, compared to analyst estimates of $271.68 million. Strategic Education had a net margin of 4.38% and a return on equity of 3.65%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 earnings per share. On average, sell-side analysts anticipate that Strategic Education, Inc. will post 3.01 EPS for the current year.

Strategic Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 13th. Investors of record on Monday, March 6th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.87%. The ex-dividend date was Friday, March 3rd. Strategic Education’s payout ratio is currently 123.71%.

Analysts Set New Price Targets

STRA has been the subject of several recent analyst reports. Truist Financial raised their target price on Strategic Education from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, February 24th. TheStreet raised Strategic Education from a “c” rating to a “b-” rating in a research report on Wednesday, February 1st. Barrington Research upped their target price on shares of Strategic Education from $85.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. Finally, StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Thursday, February 23rd. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $94.33.

About Strategic Education

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Strategic Education, Inc engages in the provision of educational services. It operates through the following segments: Strayer University, Capella University, and Non-Degree Programs. The Strayer University segment includes programs offered through the Jack Welch Management Institute. The company was founded in 1892 and is headquartered in Herndon, VA.