Great Lakes Advisors LLC Reduces Position in Strategic Education, Inc. (NASDAQ:STRA)

Great Lakes Advisors LLC decreased its position in shares of Strategic Education, Inc. (NASDAQ:STRAFree Report) by 32.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,674 shares of the health services provider’s stock after selling 1,293 shares during the period. Great Lakes Advisors LLC’s holdings in Strategic Education were worth $201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Castleview Partners LLC raised its holdings in Strategic Education by 4.9% during the second quarter. Castleview Partners LLC now owns 3,743 shares of the health services provider’s stock worth $254,000 after purchasing an additional 175 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Strategic Education by 16.0% during the first 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 last quarter. Wells Fargo & Company MN raised its position in shares of Strategic Education by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 6,738 shares of the health services provider’s stock valued at $528,000 after buying an additional 234 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Strategic Education by 7.6% during the second quarter. ProShare Advisors LLC now owns 3,529 shares of the health services provider’s stock valued at $239,000 after buying an additional 249 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Strategic Education by 4.0% during the fourth quarter. Teacher Retirement System of Texas now owns 7,664 shares of the health services provider’s stock valued at $600,000 after buying an additional 293 shares during the last quarter. Institutional investors own 97.53% of the company’s stock.

Strategic Education Price Performance

STRA opened at $95.53 on Thursday. Strategic Education, Inc. has a one year low of $64.53 and a one year high of $97.24. The stock has a market capitalization of $2.33 billion, a P/E ratio of 46.83, a price-to-earnings-growth ratio of 1.07 and a beta of 0.49. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.32 and a quick ratio of 1.32. The company’s 50 day simple moving average is $92.77 and its 200-day simple moving average is $84.11.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 27th were issued a $0.60 dividend. The ex-dividend date was Friday, November 24th. This represents a $2.40 annualized dividend and a yield of 2.51%. Strategic Education’s dividend payout ratio (DPR) is presently 117.65%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Strategic Education from $97.00 to $101.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Barrington Research increased their price target on shares of Strategic Education from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, StockNews.com raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.00.

Read Our Latest Stock Analysis on STRA

About Strategic Education

(Free Report)

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, criminal justice, education, health services, information technology, and public administration 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 MBA online through its Jack Welch Management Institute.

See Also

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

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