International Assets Investment Management LLC Buys 175,431 Shares of Strategic Education, Inc. (NASDAQ:STRA)

International Assets Investment Management LLC lifted its position in Strategic Education, Inc. (NASDAQ:STRA) by 6,377.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,182 shares of the health services provider’s stock after purchasing an additional 175,431 shares during the quarter. International Assets Investment Management LLC owned about 0.73% of Strategic Education worth $16,459,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in STRA. VisionPoint Advisory Group LLC increased its stake in Strategic Education by 27.8% during the third quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock worth $82,000 after acquiring an additional 236 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Strategic Education during the 3rd quarter valued at approximately $234,000. Panagora Asset Management Inc. purchased a new stake in Strategic Education during the 3rd quarter valued at $278,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Strategic Education by 30.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,787 shares of the health services provider’s stock worth $285,000 after buying an additional 894 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in Strategic Education during the third quarter worth $308,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of the transaction, the chief executive officer now directly owns 161,359 shares in the company, valued at $15,488,850.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Strategic Education news, Director Robert R. Grusky sold 462 shares of Strategic Education stock in a transaction on Monday, April 29th. The shares were sold at an average price of $120.99, for a total transaction of $55,897.38. Following the sale, the director now owns 11,945 shares of the company’s stock, valued at approximately $1,445,225.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of the sale, the chief executive officer now owns 161,359 shares of the company’s stock, valued at $15,488,850.41. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,995 shares of company stock worth $1,642,752. 3.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on STRA shares. Bank of America increased their target price on shares of Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. TheStreet raised shares of Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. BMO Capital Markets boosted their target price on Strategic Education from $123.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Truist Financial increased their price target on Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Strategic Education presently has an average rating of “Buy” and an average target price of $133.50.

Strategic Education Price Performance

Shares of NASDAQ STRA opened at $120.65 on Friday. Strategic Education, Inc. has a fifty-two week low of $64.53 and a fifty-two week high of $121.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $2.97 billion, a PE ratio of 28.59, a P/E/G ratio of 1.34 and a beta of 0.45. The business has a 50-day simple moving average of $104.15 and a two-hundred day simple moving average of $95.43.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.51. The company had revenue of $290.25 million during the quarter, compared to analysts’ expectations of $274.02 million. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. As a group, equities analysts expect that Strategic Education, Inc. will post 4.83 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.99%. Strategic Education’s dividend payout ratio is presently 56.87%.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It 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.