Walleye Capital LLC Invests $865,000 in Strategic Education Inc. $STRA

Walleye Capital LLC purchased a new position in Strategic Education Inc. (NASDAQ:STRA) during the 1st quarter, HoldingsChannel reports. The firm purchased 10,428 shares of the health services provider’s stock, valued at approximately $865,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STRA. Bank of Montreal Can grew its stake 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 buying an additional 1,465,352 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Strategic Education by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,458,740 shares of the health services provider’s stock valued at $121,017,000 after buying an additional 7,346 shares during the last quarter. State Street Corp lifted its stake in Strategic Education by 0.8% in the fourth quarter. State Street Corp now owns 881,089 shares of the health services provider’s stock valued at $70,663,000 after buying an additional 6,737 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Strategic Education by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 609,040 shares of the health services provider’s stock valued at $48,853,000 after acquiring an additional 1,579 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Strategic Education by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 351,969 shares of the health services provider’s stock valued at $28,228,000 after acquiring an additional 12,244 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Strategic Education from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research note on Friday, July 17th. Wall Street Zen cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Wednesday, June 24th. Barrington Research dropped their price target on shares of Strategic Education from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Finally, Truist Financial dropped 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 note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $88.67.

Strategic Education Trading Up 0.9%

NASDAQ:STRA opened at $75.64 on Friday. Strategic Education Inc. has a twelve month low of $69.70 and a twelve month high of $87.38. The company has a 50-day moving average of $78.68 and a 200-day moving average of $80.21. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 0.69 and a beta of 0.50.

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

Insiders Place Their Bets

In related news, insider Christa Hokenson sold 2,000 shares of the firm’s 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.