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

Rhumbline Advisers trimmed its stake in Strategic Education, Inc. (NASDAQ:STRA) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,139 shares of the health services provider’s stock after selling 2,245 shares during the quarter. Rhumbline Advisers’ holdings in Strategic Education were worth $5,805,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in STRA. Allspring Global Investments Holdings LLC raised its holdings in shares of Strategic Education by 1,337.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,495 shares of the health services provider’s stock worth $794,000 after acquiring an additional 7,904 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Strategic Education by 8.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 22,129 shares of the health services provider’s stock worth $2,067,000 after acquiring an additional 1,776 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Strategic Education by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 124,428 shares of the health services provider’s stock worth $11,624,000 after acquiring an additional 3,800 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of Strategic Education in the fourth quarter worth $222,000. Finally, D.A. Davidson & CO. raised its holdings in shares of Strategic Education by 10.8% in the fourth quarter. D.A. Davidson & CO. now owns 10,708 shares of the health services provider’s stock worth $1,000,000 after acquiring an additional 1,048 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Strategic Education Trading Down 0.1%

STRA stock opened at $84.40 on Friday. The stock has a 50-day moving average price of $84.90 and a two-hundred day moving average price of $90.16. Strategic Education, Inc. has a 12-month low of $74.28 and a 12-month high of $121.60. The company has a market cap of $2.04 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.54.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, April 24th. The health services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.29. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The company had revenue of $303.59 million during the quarter, compared to the consensus estimate of $300.67 million. During the same quarter in the prior year, the business earned $1.11 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. Equities analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Friday, May 23rd. Strategic Education’s payout ratio is 51.28%.

Insider Transactions at Strategic Education

In related news, Director Robert R. Grusky sold 1,494 shares of the business’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $80.27, for a total value of $119,923.38. Following the transaction, the director now owns 11,349 shares in the company, valued at approximately $910,984.23. The trade was a 11.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Strategic Education from a “hold” rating to a “buy” rating in a report on Friday, April 25th. BMO Capital Markets boosted their price target on Strategic Education from $97.00 to $98.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Truist Financial set a $105.00 price target on Strategic Education in a report on Thursday, April 24th. Finally, Barrington Research reiterated an “outperform” rating and issued a $120.00 target price on shares of Strategic Education in a research note on Tuesday, April 15th.

Strategic Education Company Profile

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.