Dynamic Technology Lab Private Ltd Buys 306 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Dynamic Technology Lab Private Ltd boosted its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 4.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,676 shares of the health services provider’s stock after purchasing an additional 306 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Strategic Education were worth $710,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Strategic Education in the second quarter valued at about $36,000. Meeder Asset Management Inc. bought a new position in Strategic Education in the 2nd quarter worth approximately $36,000. CWM LLC lifted its holdings in shares of Strategic Education by 2,650.0% during the second quarter. CWM LLC now owns 330 shares of the health services provider’s stock worth $37,000 after buying an additional 318 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Strategic Education in the second quarter valued at approximately $38,000. Finally, Innealta Capital LLC acquired a new stake in shares of Strategic Education in the second quarter worth $38,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Stock Up 0.6 %

NASDAQ STRA opened at $99.56 on Friday. Strategic Education, Inc. has a twelve month low of $85.11 and a twelve month high of $123.62. The stock has a market cap of $2.45 billion, a P/E ratio of 18.96, a PEG ratio of 1.39 and a beta of 0.57. The company’s 50-day simple moving average is $91.65 and its 200 day simple moving average is $101.24.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The company had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. During the same period in the prior year, the company posted $0.97 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. Research analysts anticipate that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.40 annualized dividend and a yield of 2.41%. Strategic Education’s dividend payout ratio is currently 45.71%.

Wall Street Analysts Forecast Growth

STRA has been the subject of a number of research reports. StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Barrington Research reiterated an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a research note on Thursday, November 7th. Truist Financial lowered their price target on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, BMO Capital Markets reduced their price objective on Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.

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.