Strategic Education Inc (NASDAQ:STRA) Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP decreased its holdings in Strategic Education Inc (NASDAQ:STRA) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 182,781 shares of the health services provider’s stock after selling 3,158 shares during the quarter. Westfield Capital Management Co. LP owned 0.83% of Strategic Education worth $32,535,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in STRA. Crossmark Global Holdings Inc. increased its position in shares of Strategic Education by 2.4% during the first quarter. Crossmark Global Holdings Inc. now owns 3,011 shares of the health services provider’s stock worth $395,000 after acquiring an additional 70 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Strategic Education by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the health services provider’s stock valued at $1,484,000 after purchasing an additional 100 shares during the last quarter. Advisor Group Inc. increased its position in shares of Strategic Education by 17.8% during the 2nd quarter. Advisor Group Inc. now owns 676 shares of the health services provider’s stock valued at $119,000 after purchasing an additional 102 shares during the last quarter. Magnus Financial Group LLC increased its position in shares of Strategic Education by 6.6% during the 2nd quarter. Magnus Financial Group LLC now owns 1,817 shares of the health services provider’s stock valued at $323,000 after purchasing an additional 113 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its holdings in Strategic Education by 1.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,508 shares of the health services provider’s stock valued at $1,158,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Several equities analysts recently commented on the stock. ValuEngine lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. BidaskClub downgraded Strategic Education from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Zacks Investment Research cut shares of Strategic Education from a “buy” rating to a “hold” rating and set a $154.00 price objective for the company. in a research report on Monday, July 8th. BMO Capital Markets boosted their target price on shares of Strategic Education from $180.00 to $194.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Finally, Barrington Research reiterated an “outperform” rating and set a $210.00 target price (up previously from $185.00) on shares of Strategic Education in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Strategic Education has an average rating of “Buy” and an average target price of $189.80.

Shares of STRA traded up $1.66 on Wednesday, reaching $159.46. The stock had a trading volume of 5,814 shares, compared to its average volume of 116,277. Strategic Education Inc has a twelve month low of $102.21 and a twelve month high of $189.79. The firm has a market capitalization of $3.55 billion, a PE ratio of 33.66, a PEG ratio of 1.61 and a beta of 0.57. The firm has a 50-day moving average of $173.82 and a 200 day moving average of $163.05.

Strategic Education (NASDAQ:STRA) last posted its earnings results on Wednesday, July 31st. The health services provider reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.12. Strategic Education had a return on equity of 8.65% and a net margin of 0.62%. The company had revenue of $245.10 million for the quarter, compared to the consensus estimate of $240.79 million. During the same period in the previous year, the business earned $0.87 earnings per share. Strategic Education’s quarterly revenue was up 113.7% compared to the same quarter last year. As a group, equities analysts anticipate that Strategic Education Inc will post 6.68 EPS for the current year.

The company 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 $0.50 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.00 annualized dividend and a dividend yield of 1.25%. Strategic Education’s payout ratio is 42.11%.

In other news, Director Todd A. Milano sold 6,449 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $180.47, for a total value of $1,163,851.03. Following the completion of the sale, the director now directly owns 7,543 shares in the company, valued at approximately $1,361,285.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.60% of the stock is currently owned by insiders.

Strategic Education Company 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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Institutional Ownership by Quarter for Strategic Education (NASDAQ:STRA)

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