Y Intercept Hong Kong Ltd Increases Stock Holdings in Strategic Education Inc. $STRA

Y Intercept Hong Kong Ltd lifted its position in shares of Strategic Education Inc. (NASDAQ:STRA) by 568.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,765 shares of the health services provider’s stock after buying an additional 31,268 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Strategic Education were worth $3,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Allworth Financial LP lifted its stake in shares of Strategic Education by 88.5% in the 3rd quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock valued at $25,000 after purchasing an additional 138 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Strategic Education by 154.2% during the 4th quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider’s stock worth $27,000 after purchasing an additional 202 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Strategic Education by 85.2% in the 2nd quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock valued at $33,000 after buying an additional 178 shares during the period. Sankala Group LLC purchased a new stake in Strategic Education in the 4th quarter valued at about $37,000. Finally, Rockefeller Capital Management L.P. lifted its position in Strategic Education by 305.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 616 shares of the health services provider’s stock valued at $49,000 after buying an additional 464 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Strategic Education

In other Strategic Education news, insider Christa Hokenson sold 2,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $80.00, for a total transaction of $160,000.00. Following the transaction, the insider owned 65,195 shares of the company’s stock, valued at $5,215,600. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Thawley purchased 665 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was bought at an average price of $72.71 per share, for a total transaction of $48,352.15. Following the acquisition, the director owned 12,154 shares in the company, valued at $883,717.34. The trade was a 5.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.60% of the company’s stock.

Strategic Education Stock Performance

Strategic Education stock traded up $1.98 during trading on Tuesday, hitting $84.23. The company’s stock had a trading volume of 97,998 shares, compared to its average volume of 279,589. The stock’s fifty day moving average is $78.36 and its 200 day moving average is $80.34. Strategic Education Inc. has a 1-year low of $69.70 and a 1-year high of $87.38. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 0.75 and a beta of 0.50.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, April 23rd. The health services provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.09). The business had revenue of $305.93 million during the quarter, compared to analyst estimates of $329.81 million. Strategic Education had a return on equity of 8.78% and a net margin of 10.21%.The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 earnings per share. On average, research analysts anticipate that Strategic Education Inc. will post 7.2 EPS for the current fiscal year.

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 22nd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, May 22nd. Strategic Education’s payout ratio is presently 42.40%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on STRA. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a research report on Tuesday, April 21st. Zacks Research downgraded shares of Strategic Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Barrington Research dropped their target price on shares of Strategic Education from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Wall Street Zen lowered Strategic Education from a “buy” rating to a “hold” rating in a research note on Wednesday, June 24th. Finally, BMO Capital Markets raised their price objective on Strategic Education from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $88.67.

About Strategic Education

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.