Campbell & CO Investment Adviser LLC Makes New $990,000 Investment in Strategic Education Inc. $STRA

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Strategic Education Inc. (NASDAQ:STRA) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 11,634 shares of the health services provider’s stock, valued at approximately $990,000.

A number of other institutional investors also recently modified their holdings of STRA. MSH Capital Advisors LLC grew its position in Strategic Education by 1.2% in the 2nd quarter. MSH Capital Advisors LLC now owns 11,314 shares of the health services provider’s stock valued at $963,000 after purchasing an additional 137 shares during the period. Assetmark Inc. raised its holdings in Strategic Education by 54.3% during the second quarter. Assetmark Inc. now owns 395 shares of the health services provider’s stock worth $34,000 after buying an additional 139 shares during the last quarter. Significant Wealth Partners LLC lifted its stake in shares of Strategic Education by 7.0% in the second quarter. Significant Wealth Partners LLC now owns 2,876 shares of the health services provider’s stock valued at $245,000 after buying an additional 187 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Strategic Education by 148.9% during the second quarter. GAMMA Investing LLC now owns 331 shares of the health services provider’s stock valued at $28,000 after buying an additional 198 shares during the last quarter. Finally, Comerica Bank increased its position in shares of Strategic Education by 1.7% during the first quarter. Comerica Bank now owns 14,541 shares of the health services provider’s stock worth $1,221,000 after acquiring an additional 248 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Strategic Education Stock Down 0.5%

STRA stock opened at $79.88 on Thursday. The firm has a market cap of $1.88 billion, a PE ratio of 16.61, a P/E/G ratio of 0.92 and a beta of 0.63. The business has a 50 day moving average of $81.37 and a 200-day moving average of $82.55. Strategic Education Inc. has a 12-month low of $72.25 and a 12-month high of $104.51.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Thursday, November 6th. The health services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.33. The business had revenue of $319.95 million for the quarter, compared to analysts’ expectations of $315.40 million. Strategic Education had a return on equity of 7.52% and a net margin of 9.27%.The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 earnings per share. On average, research analysts expect that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, December 1st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, December 1st. Strategic Education’s payout ratio is 49.90%.

Insider Activity

In related news, CFO Daniel Wayne Jackson purchased 1,900 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was bought at an average price of $81.50 per share, for a total transaction of $154,850.00. Following the purchase, the chief financial officer directly owned 104,136 shares in the company, valued at approximately $8,487,084. This trade represents a 1.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director G Thomas Waite III sold 700 shares of Strategic Education stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $81.69, for a total transaction of $57,183.00. Following the completion of the sale, the director directly owned 15,926 shares in the company, valued at $1,300,994.94. This trade represents a 4.21% decrease in their position. The SEC filing for this sale provides additional information. 3.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

STRA has been the topic of several recent research reports. Barrington Research reaffirmed an “outperform” rating and issued a $105.00 price target on shares of Strategic Education in a research report on Friday, November 7th. BMO Capital Markets reissued an “outperform” rating on shares of Strategic Education in a report on Monday, September 8th. Weiss Ratings restated a “hold (c)” rating on shares of Strategic Education in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Strategic Education from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Strategic Education currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.33.

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.