Significant Wealth Partners LLC Raises Holdings in Strategic Education Inc. $STRA

Significant Wealth Partners LLC raised its holdings in shares of Strategic Education Inc. (NASDAQ:STRA) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,876 shares of the health services provider’s stock after purchasing an additional 187 shares during the period. Significant Wealth Partners LLC’s holdings in Strategic Education were worth $245,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Strategic Education by 148.9% during the 2nd quarter. GAMMA Investing LLC now owns 331 shares of the health services provider’s stock valued at $28,000 after purchasing an additional 198 shares during the last quarter. Comerica Bank boosted its stake in shares of Strategic Education by 1.7% in the 1st quarter. Comerica Bank now owns 14,541 shares of the health services provider’s stock worth $1,221,000 after buying an additional 248 shares during the last quarter. EntryPoint Capital LLC boosted its stake in shares of Strategic Education by 2.9% in the 1st quarter. EntryPoint Capital LLC now owns 12,243 shares of the health services provider’s stock worth $1,028,000 after buying an additional 341 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Strategic Education by 3.7% in the 1st quarter. D.A. Davidson & CO. now owns 11,107 shares of the health services provider’s stock worth $933,000 after buying an additional 399 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Strategic Education by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,195 shares of the health services provider’s stock worth $1,360,000 after buying an additional 487 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Stock Performance

Shares of Strategic Education stock opened at $83.55 on Thursday. Strategic Education Inc. has a one year low of $72.25 and a one year high of $104.51. The stock’s fifty day moving average is $79.90 and its 200 day moving average is $82.53. The stock has a market cap of $2.00 billion, a P/E ratio of 17.37, a P/E/G ratio of 0.98 and a beta of 0.69.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Wednesday, July 30th. The health services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Strategic Education had a return on equity of 7.52% and a net margin of 9.27%.The company had revenue of $321.47 million for the quarter, compared to analysts’ expectations of $322.84 million. During the same period last year, the firm earned $1.33 EPS. Strategic Education’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts predict that Strategic Education Inc. will post 4.79 EPS for the current year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.40 dividend on an annualized basis and a yield of 2.9%. Strategic Education’s dividend payout ratio (DPR) is currently 49.90%.

Analyst Ratings Changes

A number of research firms have recently issued reports on STRA. Barrington Research restated an “outperform” rating and issued a $105.00 price target on shares of Strategic Education in a research note on Wednesday, July 30th. Wall Street Zen upgraded Strategic Education from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Strategic Education in a research note on Monday, September 8th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $99.33.

Insider Transactions at Strategic Education

In other Strategic Education news, Director G Thomas Waite III sold 700 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,300,994.94. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel Wayne Jackson purchased 1,900 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were acquired at an average cost 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 ownership of the stock. The disclosure for this purchase can be found here. 3.30% of the stock is owned by company insiders.

Strategic Education 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.