Strategic Education, Inc. (NASDAQ:STRA) Stock Position Increased by EntryPoint Capital LLC

EntryPoint Capital LLC boosted its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 64.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,902 shares of the health services provider’s stock after buying an additional 4,684 shares during the quarter. Strategic Education accounts for approximately 0.5% of EntryPoint Capital LLC’s investment portfolio, making the stock its largest position. EntryPoint Capital LLC’s holdings in Strategic Education were worth $1,112,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of STRA. Wilmington Savings Fund Society FSB purchased a new stake in shares of Strategic Education in the third quarter worth approximately $37,000. R Squared Ltd bought a new stake in shares of Strategic Education during the fourth quarter worth $42,000. Smartleaf Asset Management LLC boosted its stake in shares of Strategic Education by 394.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider’s stock valued at $44,000 after purchasing an additional 383 shares during the period. Pacer Advisors Inc. bought a new position in shares of Strategic Education in the fourth quarter worth about $96,000. Finally, KBC Group NV increased its stake in Strategic Education by 53.3% in the 4th quarter. KBC Group NV now owns 1,044 shares of the health services provider’s stock worth $98,000 after buying an additional 363 shares during the period. Institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Raymond Karl Mcdonnell sold 31,855 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael A. Mcrobbie purchased 600 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $81.80 per share, with a total value of $49,080.00. Following the completion of the purchase, the director now owns 6,135 shares of the company’s stock, valued at $501,843. The trade was a 10.84 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 39,332 shares of company stock worth $3,825,169. 3.30% of the stock is owned by corporate insiders.

Strategic Education Stock Performance

NASDAQ:STRA opened at $83.01 on Tuesday. The firm has a 50-day simple moving average of $92.64 and a 200-day simple moving average of $93.06. Strategic Education, Inc. has a one year low of $78.43 and a one year high of $123.62. The firm has a market cap of $2.05 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.22 and a beta of 0.59.

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

Strategic Education Dividend Announcement

The business also recently announced 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 of this dividend was Monday, March 10th. This represents a $2.40 annualized dividend and a yield of 2.89%. Strategic Education’s dividend payout ratio (DPR) is presently 51.39%.

Wall Street Analysts Forecast Growth

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

Strategic Education 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.