Strategic Education Inc (NASDAQ:STRA) Stake Lifted by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in shares of Strategic Education Inc (NASDAQ:STRA) by 126.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,925 shares of the health services provider’s stock after buying an additional 9,463 shares during the quarter. State of Alaska Department of Revenue owned about 0.08% of Strategic Education worth $2,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ibex Investors LLC bought a new position in Strategic Education during the 2nd quarter worth $205,100,000. Bank of Montreal Can grew its stake in Strategic Education by 630.8% during the 2nd quarter. Bank of Montreal Can now owns 11,562 shares of the health services provider’s stock worth $2,057,000 after buying an additional 9,980 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Strategic Education during the 2nd quarter worth $1,219,000. Swiss National Bank grew its stake in Strategic Education by 2.0% during the 2nd quarter. Swiss National Bank now owns 40,438 shares of the health services provider’s stock worth $7,198,000 after buying an additional 800 shares during the last quarter. Finally, Calamos Advisors LLC bought a new position in Strategic Education during the 2nd quarter worth $8,668,000. Hedge funds and other institutional investors own 94.86% of the company’s stock.

Shares of NASDAQ:STRA traded up $1.80 on Wednesday, hitting $134.34. The company’s stock had a trading volume of 2,057 shares, compared to its average volume of 159,198. Strategic Education Inc has a 12 month low of $102.21 and a 12 month high of $189.79. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 1.34 and a beta of 0.54. The stock’s 50-day moving average is $155.79 and its two-hundred day moving average is $164.26.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Wednesday, July 31st. The health services provider reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.12. The company had revenue of $245.10 million during the quarter, compared to analysts’ expectations of $240.79 million. Strategic Education had a return on equity of 8.65% and a net margin of 0.62%. The company’s revenue for the quarter was up 113.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 earnings per share. On average, equities research analysts expect that Strategic Education Inc will post 6.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.00 annualized dividend and a dividend yield of 1.49%. Strategic Education’s dividend payout ratio (DPR) is 42.11%.

Several research analysts have recently issued reports on STRA shares. Zacks Investment Research cut 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. ValuEngine cut Strategic Education from a “hold” rating to a “sell” rating in a research note on Monday. Barrington Research reissued an “outperform” rating and issued a $210.00 price target (up previously from $185.00) on shares of Strategic Education in a research note on Wednesday, July 31st. BidaskClub cut Strategic Education from a “sell” rating to a “strong sell” rating in a research note on Friday, September 13th. Finally, First Analysis reissued a “strong-buy” rating and issued a $216.00 price target (up previously from $210.00) on shares of Strategic Education in a research note on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $193.50.

About Strategic Education

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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