Connor Clark & Lunn Investment Management Ltd. Has $2.91 Million Stake in Strategic Education, Inc. (NASDAQ:STRA)

Connor Clark & Lunn Investment Management Ltd. reduced its stake in Strategic Education, Inc. (NASDAQ:STRA) by 7.1% in the 4th quarter, Holdings Channel reports. The firm owned 31,191 shares of the health services provider’s stock after selling 2,386 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Strategic Education were worth $2,914,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in STRA. JPMorgan Chase & Co. boosted its holdings in shares of Strategic Education by 76.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock worth $36,941,000 after buying an additional 173,225 shares during the period. Weiss Asset Management LP bought a new position in shares of Strategic Education in the third quarter worth about $5,635,000. State Street Corp increased its stake in shares of Strategic Education by 6.1% in the third quarter. State Street Corp now owns 890,133 shares of the health services provider’s stock worth $82,382,000 after purchasing an additional 50,980 shares during the period. Lightrock Netherlands B.V. acquired a new position in shares of Strategic Education during the 4th quarter worth about $4,625,000. Finally, Barclays PLC boosted its stake in Strategic Education by 334.3% during the 3rd quarter. Barclays PLC now owns 37,961 shares of the health services provider’s stock valued at $3,513,000 after purchasing an additional 29,220 shares during the period. Institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on STRA. Barrington Research cut their price target on Strategic Education from $135.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, BMO Capital Markets reduced their price target on shares of Strategic Education from $114.00 to $97.00 and set an “outperform” rating for the company in a report on Monday, March 3rd.

Insiders Place Their Bets

In related news, Director Michael A. Mcrobbie bought 600 shares of Strategic Education stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $81.80 per share, for a total transaction of $49,080.00. Following the completion of the acquisition, the director now owns 6,135 shares in the company, valued at approximately $501,843. This represents a 10.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of Strategic Education stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the transaction, the chief executive officer now directly owns 140,281 shares in the company, valued at $13,723,690.23. The trade was a 18.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,332 shares of company stock valued at $3,825,169. Company insiders own 3.10% of the company’s stock.

Strategic Education Stock Performance

Shares of STRA opened at $79.72 on Tuesday. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.22 and a beta of 0.59. The stock has a fifty day moving average price of $93.72 and a two-hundred day moving average price of $93.56. Strategic Education, Inc. has a 52-week low of $78.43 and a 52-week high of $123.62.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, February 27th. The health services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.10). Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The company had revenue of $311.46 million for the quarter, compared to the consensus estimate of $315.18 million. As a group, research analysts predict that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.60 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.01%. Strategic Education’s payout ratio is presently 51.39%.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.