Ieq Capital LLC Makes New $2 Million Investment in Strategic Education Inc. $STRA

Ieq Capital LLC bought a new position in shares of Strategic Education Inc. (NASDAQ:STRA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,094 shares of the health services provider’s stock, valued at approximately $1,999,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Strategic Education in the second quarter valued at approximately $291,189,000. Bank of Montreal Can increased its holdings in Strategic Education by 62,355.4% during the 4th quarter. Bank of Montreal Can now owns 1,467,702 shares of the health services provider’s stock worth $117,710,000 after purchasing an additional 1,465,352 shares during the period. Dimensional Fund Advisors LP raised its position in Strategic Education by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,458,740 shares of the health services provider’s stock valued at $121,017,000 after purchasing an additional 7,346 shares in the last quarter. State Street Corp raised its position in Strategic Education by 0.8% during the 4th quarter. State Street Corp now owns 881,089 shares of the health services provider’s stock valued at $70,663,000 after purchasing an additional 6,737 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Strategic Education by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 609,040 shares of the health services provider’s stock worth $48,853,000 after buying an additional 1,579 shares during the period. Institutional investors own 93.27% of the company’s stock.

Analysts Set New Price Targets

STRA has been the topic of a number of recent research reports. Zacks Research downgraded Strategic Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Strategic Education in a report on Friday, July 17th. Truist Financial upped their price objective on shares of Strategic Education from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Barrington Research set a $105.00 target price on shares of Strategic Education in a report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Strategic Education has a consensus rating of “Hold” and a consensus price target of $95.33.

Strategic Education Trading Up 2.4%

Shares of NASDAQ:STRA opened at $86.03 on Wednesday. The company has a market capitalization of $1.91 billion, a PE ratio of 14.34, a P/E/G ratio of 0.77 and a beta of 0.49. Strategic Education Inc. has a 12-month low of $69.70 and a 12-month high of $89.73. The business’s fifty day simple moving average is $80.38 and its 200-day simple moving average is $79.97.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Wednesday, July 29th. The health services provider reported $1.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.04). Strategic Education had a return on equity of 8.98% and a net margin of 10.46%.The company had revenue of $321.60 million for the quarter, compared to analysts’ expectations of $327.55 million. During the same quarter last year, the company earned $1.54 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts predict that Strategic Education Inc. will post 7.23 EPS for the current year.

Strategic Education Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, September 4th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, September 4th. Strategic Education’s dividend payout ratio is presently 40.00%.

Insider Activity at Strategic Education

In other news, insider Christa Hokenson sold 2,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $80.00, for a total value of $160,000.00. Following the sale, the insider directly owned 65,195 shares in the company, valued at approximately $5,215,600. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.60% of the company’s stock.

Strategic Education Company Profile

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.