Shell Asset Management Co. purchased a new stake in Strategic Education Inc (NASDAQ:STRA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,185 shares of the health services provider’s stock, valued at approximately $2,218,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in STRA. Virtu Financial LLC acquired a new position in shares of Strategic Education in the 2nd quarter valued at $307,000. Crossmark Global Holdings Inc. acquired a new position in shares of Strategic Education in the 2nd quarter valued at $235,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Strategic Education in the 2nd quarter valued at $226,000. Rice Hall James & Associates LLC increased its holdings in shares of Strategic Education by 13.9% in the 2nd quarter. Rice Hall James & Associates LLC now owns 391,857 shares of the health services provider’s stock valued at $44,284,000 after acquiring an additional 47,798 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Strategic Education by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 3,491 shares of the health services provider’s stock valued at $395,000 after acquiring an additional 480 shares during the period.
In related news, Director Robert R. Grusky sold 507 shares of Strategic Education stock in a transaction on Monday, November 12th. The shares were sold at an average price of $144.05, for a total value of $73,033.35. Following the transaction, the director now directly owns 12,567 shares in the company, valued at approximately $1,810,276.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider J Kevin Gilligan sold 5,000 shares of Strategic Education stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $135.33, for a total transaction of $676,650.00. Following the completion of the transaction, the insider now owns 118,544 shares in the company, valued at $16,042,559.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,507 shares of company stock worth $8,008,183. 3.70% of the stock is currently owned by insiders.
Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Thursday, November 8th. The health services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.24. Strategic Education had a negative net margin of 8.74% and a positive return on equity of 10.30%. The firm had revenue of $160.90 million for the quarter, compared to analyst estimates of $185.48 million. During the same period last year, the firm posted $0.34 EPS. Strategic Education’s quarterly revenue was up 48.3% on a year-over-year basis. Analysts predict that Strategic Education Inc will post 4.57 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $2.00 dividend on an annualized basis and a yield of 1.47%. Strategic Education’s dividend payout ratio (DPR) is 64.31%.
STRA has been the topic of a number of recent research reports. ValuEngine raised shares of Strategic Education from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Barrington Research reaffirmed a “buy” rating and issued a $160.00 target price on shares of Strategic Education in a report on Monday, October 1st. Zacks Investment Research raised shares of Strategic Education from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. BidaskClub cut shares of Strategic Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 4th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $175.00 target price on shares of Strategic Education in a report on Thursday, September 27th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $148.60.
Strategic Education Profile
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.
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