Savant Capital LLC Invests $246,000 in Strategic Education Inc. $STRA

Savant Capital LLC acquired a new stake in shares of Strategic Education Inc. (NASDAQ:STRA) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,893 shares of the health services provider’s stock, valued at approximately $246,000.

A number of other hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of Strategic Education by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 263,217 shares of the health services provider’s stock worth $22,408,000 after purchasing an additional 4,116 shares during the last quarter. Wakefield Asset Management LLLP lifted its position in Strategic Education by 51.0% during the second quarter. Wakefield Asset Management LLLP now owns 12,617 shares of the health services provider’s stock worth $1,074,000 after buying an additional 4,260 shares in the last quarter. Assetmark Inc. boosted its stake in Strategic Education by 54.3% during the second quarter. Assetmark Inc. now owns 395 shares of the health services provider’s stock worth $34,000 after buying an additional 139 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Strategic Education by 5.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 68,607 shares of the health services provider’s stock valued at $5,841,000 after buying an additional 3,494 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of Strategic Education by 61.5% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 9,850 shares of the health services provider’s stock worth $839,000 after acquiring an additional 3,751 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on STRA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research report on Wednesday, October 8th. BMO Capital Markets reiterated an “outperform” rating on shares of Strategic Education in a report on Monday, September 8th. Wall Street Zen raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $105.00 price target on shares of Strategic Education in a research report on Friday, November 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.33.

Strategic Education Stock Performance

Strategic Education stock opened at $78.14 on Thursday. The company has a market capitalization of $1.84 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 0.92 and a beta of 0.63. Strategic Education Inc. has a fifty-two week low of $72.25 and a fifty-two week high of $104.51. The firm has a 50 day moving average price of $81.02 and a 200 day moving average price of $82.44.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, November 6th. The health services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.30 by $0.33. Strategic Education had a return on equity of 7.52% and a net margin of 9.27%.The business had revenue of $319.95 million during the quarter, compared to analyst estimates of $315.40 million. During the same period last year, the business posted $1.16 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities research analysts forecast that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, December 1st will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, December 1st. Strategic Education’s payout ratio is currently 49.90%.

Insider Transactions at Strategic Education

In other Strategic Education news, CFO Daniel Wayne Jackson acquired 1,900 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was purchased at an average price of $81.50 per share, for a total transaction of $154,850.00. Following the completion of the acquisition, the chief financial officer owned 104,136 shares of the company’s stock, valued at approximately $8,487,084. This trade represents a 1.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director G Thomas Waite III sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $81.69, for a total transaction of $57,183.00. Following the sale, the director directly owned 15,926 shares in the company, valued at approximately $1,300,994.94. The trade was a 4.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.30% of the stock is owned by corporate insiders.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.