TIAA CREF Investment Management LLC raised its stake in shares of Strategic Education Inc (NASDAQ:STRA) by 180.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,348 shares of the health services provider’s stock after buying an additional 43,348 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.31% of Strategic Education worth $9,229,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Bank of Montreal Can raised its stake in Strategic Education by 87.2% during the third quarter. Bank of Montreal Can now owns 1,185 shares of the health services provider’s stock valued at $163,000 after buying an additional 552 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Strategic Education by 9.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,706 shares of the health services provider’s stock worth $758,000 after purchasing an additional 584 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Strategic Education by 141.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,244 shares of the health services provider’s stock worth $170,000 after purchasing an additional 729 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Strategic Education in the 3rd quarter worth $129,000. Finally, Northern Trust Corp increased its holdings in shares of Strategic Education by 0.9% in the 2nd quarter. Northern Trust Corp now owns 140,976 shares of the health services provider’s stock worth $15,932,000 after purchasing an additional 1,219 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.
Strategic Education stock opened at $110.49 on Monday. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 35.53, a price-to-earnings-growth ratio of 1.43 and a beta of 1.27. Strategic Education Inc has a 12 month low of $80.75 and a 12 month high of $154.89.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Investors of record on Monday, December 3rd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Friday, November 30th. Strategic Education’s payout ratio is currently 64.31%.
In other news, Director Todd A. Milano acquired 280 shares of the business’s stock in a transaction that occurred on Wednesday, December 12th. The stock was bought at an average price of $122.53 per share, with a total value of $34,308.40. Following the completion of the acquisition, the director now directly owns 23,093 shares of the company’s stock, valued at approximately $2,829,585.29. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider J Kevin Gilligan sold 5,000 shares of Strategic Education stock in a transaction on Thursday, October 18th. The stock was sold at an average price of $130.40, for a total value of $652,000.00. Following the completion of the sale, the insider now directly owns 92,144 shares of the company’s stock, valued at approximately $12,015,577.60. The disclosure for this sale can be found here. Insiders sold 33,850 shares of company stock valued at $4,459,145 in the last ninety days. 3.70% of the stock is currently owned by corporate insiders.
STRA has been the subject of a number of research analyst reports. ValuEngine raised Strategic Education from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Barrington Research reissued 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 Strategic Education from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. BidaskClub lowered Strategic Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 4th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $175.00 target price on shares of Strategic Education in a report on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Strategic Education currently has a consensus rating of “Buy” and a consensus price target of $150.00.
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About Strategic Education
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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