Systematic Financial Management LP Increases Holdings in Strategic Education Inc. $STRA

Systematic Financial Management LP raised its holdings in shares of Strategic Education Inc. (NASDAQ:STRA) by 25.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,260 shares of the health services provider’s stock after purchasing an additional 9,065 shares during the period. Systematic Financial Management LP owned 0.20% of Strategic Education worth $3,672,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Strategic Education by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,195 shares of the health services provider’s stock valued at $1,360,000 after buying an additional 487 shares during the period. Jane Street Group LLC lifted its stake in Strategic Education by 40.2% in the first quarter. Jane Street Group LLC now owns 43,433 shares of the health services provider’s stock worth $3,647,000 after acquiring an additional 12,444 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Strategic Education by 192.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,162 shares of the health services provider’s stock worth $99,000 after acquiring an additional 765 shares during the period. First Trust Advisors LP boosted its holdings in Strategic Education by 20.0% in the second quarter. First Trust Advisors LP now owns 24,657 shares of the health services provider’s stock valued at $2,099,000 after acquiring an additional 4,118 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in Strategic Education in the second quarter valued at $246,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Strategic Education Stock Performance

STRA stock opened at $75.64 on Friday. The firm has a 50 day moving average price of $78.68 and a 200-day moving average price of $80.21. Strategic Education Inc. has a 52-week low of $69.70 and a 52-week high of $87.38. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 0.69 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 for the quarter, missing the consensus estimate of $1.51 by ($0.09). Strategic Education had a net margin of 10.21% and a return on equity of 8.78%. The company had revenue of $305.93 million for the quarter, compared to the consensus estimate of $329.81 million. During the same quarter in the previous year, the business earned $1.30 earnings per share. Strategic Education’s revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts forecast that Strategic Education Inc. will post 7.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on STRA shares. Zacks Research downgraded shares of Strategic Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. BMO Capital Markets lifted their target price on shares of Strategic Education from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Wall Street Zen lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Wednesday, June 24th. Truist Financial reduced their price target on shares of Strategic Education from $85.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Strategic Education has a consensus rating of “Hold” and a consensus price target of $88.67.

Insider Buying and Selling at Strategic Education

In other news, insider Christa Hokenson sold 2,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $80.00, for a total transaction of $160,000.00. Following the transaction, the insider directly owned 65,195 shares of the company’s stock, valued at $5,215,600. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is owned by corporate insiders.

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.