7,600 Shares in Strategic Education Inc. $STRA Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board purchased a new position in Strategic Education Inc. (NASDAQ:STRA) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 7,600 shares of the health services provider’s stock, valued at approximately $582,000.

Other institutional investors have also recently made changes to their positions in the company. Axiom Investment Management LLC bought a new position in shares of Strategic Education during the 1st quarter worth about $25,000. Allworth Financial LP increased its position in 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 buying an additional 138 shares in the last quarter. Hantz Financial Services Inc. increased its position in Strategic Education by 154.2% in the 4th quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider’s stock valued at $27,000 after buying an additional 202 shares in the last quarter. Osaic Holdings Inc. raised its stake in Strategic Education by 85.2% during the 2nd quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock worth $33,000 after buying an additional 178 shares during the period. Finally, Sankala Group LLC acquired a new position in Strategic Education during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Price Performance

STRA opened at $83.32 on Wednesday. Strategic Education Inc. has a fifty-two week low of $69.70 and a fifty-two week high of $89.73. The firm has a market capitalization of $1.85 billion, a PE ratio of 13.89, a P/E/G ratio of 0.76 and a beta of 0.49. The company’s 50-day moving average is $81.23 and its 200 day moving average is $80.13.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Wednesday, July 29th. The health services provider reported $1.76 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.04). The business had revenue of $321.60 million during the quarter, compared to the consensus estimate of $327.55 million. Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. Strategic Education’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.54 EPS. As a group, analysts expect that Strategic Education Inc. will post 7.23 EPS for the current year.

Strategic Education Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, September 4th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, September 4th. Strategic Education’s dividend payout ratio (DPR) is currently 40.00%.

Insider Buying and Selling at Strategic Education

In other news, insider Christa Hokenson sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $80.00, for a total value of $160,000.00. Following the transaction, the insider owned 65,195 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on STRA. Zacks Research cut Strategic Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Truist Financial upped their target price on Strategic Education from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategic Education in a research report on Friday, July 17th. Wall Street Zen upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, BMO Capital Markets lifted their price target on shares of Strategic Education from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $95.33.

Strategic Education 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.