Municipal Employees Retirement System of Michigan boosted its position in Strategic Education Inc (NASDAQ:STRA) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,508 shares of the health services provider’s stock after buying an additional 120 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Strategic Education were worth $1,158,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new position in Strategic Education in the second quarter valued at $31,000. Quantamental Technologies LLC bought a new stake in Strategic Education in the first quarter valued at $42,000. NEXT Financial Group Inc bought a new stake in Strategic Education in the second quarter valued at $170,000. Bank of Montreal Can increased its stake in Strategic Education by 12.9% in the first quarter. Bank of Montreal Can now owns 1,582 shares of the health services provider’s stock valued at $208,000 after purchasing an additional 181 shares in the last quarter. Finally, Rothschild Investment Corp IL bought a new stake in Strategic Education in the second quarter valued at $267,000. Institutional investors and hedge funds own 94.98% of the company’s stock.
Shares of NASDAQ:STRA traded down $1.24 during midday trading on Wednesday, hitting $172.20. 1,338 shares of the company’s stock were exchanged, compared to its average volume of 154,881. The business’s 50 day moving average price is $180.29. The stock has a market cap of $3.80 billion, a P/E ratio of 36.19, a PEG ratio of 1.74 and a beta of 0.61. Strategic Education Inc has a 12 month low of $102.21 and a 12 month high of $189.79.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, August 30th. Strategic Education’s payout ratio is presently 42.11%.
STRA has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Strategic Education from a “buy” rating to a “hold” rating and set a $154.00 price target for the company. in a research note on Monday, July 8th. Barrington Research reaffirmed an “outperform” rating and issued a $210.00 price target (up from $185.00) on shares of Strategic Education in a research note on Wednesday, July 31st. BMO Capital Markets lifted their price target on shares of Strategic Education from $180.00 to $194.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. BidaskClub downgraded shares of Strategic Education from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, First Analysis reaffirmed a “strong-buy” rating and issued a $216.00 price target (up from $210.00) on shares of Strategic Education in a research note on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $189.80.
In other news, Director G Thomas Waite III sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $178.59, for a total transaction of $535,770.00. Following the completion of the sale, the director now directly owns 11,951 shares of the company’s stock, valued at $2,134,329.09. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Todd A. Milano sold 6,449 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $180.47, for a total transaction of $1,163,851.03. Following the sale, the director now directly owns 7,543 shares of the company’s stock, valued at $1,361,285.21. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
Strategic Education Profile
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.
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