Pacer Advisors Inc. boosted its stake in shares of Strategic Education Inc. (NASDAQ:STRA – Free Report) by 18.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,749 shares of the health services provider’s stock after acquiring an additional 11,671 shares during the period. Pacer Advisors Inc. owned 0.33% of Strategic Education worth $6,201,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Axiom Investment Management LLC purchased a new stake in Strategic Education in the 1st quarter worth $25,000. Allworth Financial LP grew its position in shares of Strategic Education by 88.5% during the third quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock valued at $25,000 after purchasing an additional 138 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Strategic Education by 154.2% in the fourth quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider’s stock worth $27,000 after purchasing an additional 202 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Strategic Education by 85.2% in the second quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock worth $33,000 after buying an additional 178 shares in the last quarter. Finally, Sankala Group LLC purchased a new stake in shares of Strategic Education in the fourth quarter worth about $37,000. 93.27% of the stock is currently owned by institutional investors.
Strategic Education Trading Down 0.2%
Shares of NASDAQ:STRA opened at $83.56 on Thursday. Strategic Education Inc. has a 12 month low of $69.70 and a 12 month high of $89.73. The company has a 50-day moving average price of $79.35 and a 200 day moving average price of $80.14. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 0.77 and a beta of 0.49.
Strategic Education Announces Dividend
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. The ex-dividend date is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.9%. Strategic Education’s payout ratio is 40.00%.
Analyst Ratings Changes
STRA has been the subject of several research analyst reports. Wall Street Zen upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Truist Financial upped their price objective on Strategic Education from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Barrington Research set a $105.00 target price on Strategic Education in a research report on Wednesday, July 29th. BMO Capital Markets increased their target price on Strategic Education from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Finally, Zacks Research lowered shares of Strategic Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $95.33.
Get Our Latest Stock Report on STRA
Insider Buying and Selling at Strategic Education
In other news, insider Christa Hokenson sold 2,000 shares of the business’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 transaction of $160,000.00. Following the transaction, the insider owned 65,195 shares of the company’s stock, valued at approximately $5,215,600. The trade was a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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.
Featured Stories
- Five stocks we like better than Strategic Education
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Want to see what other hedge funds are holding STRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Strategic Education Inc. (NASDAQ:STRA – Free Report).
Receive News & Ratings for Strategic Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strategic Education and related companies with MarketBeat.com's FREE daily email newsletter.
