Connor Clark & Lunn Investment Management Ltd. Increases Stock Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 38.2% during the third quarter, Holdings Channel reports. The firm owned 33,577 shares of the health services provider’s stock after buying an additional 9,277 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Strategic Education were worth $3,108,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in STRA. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Strategic Education during the 2nd quarter valued at about $36,000. Meeder Asset Management Inc. bought a new stake in Strategic Education during the 2nd quarter valued at approximately $36,000. CWM LLC grew its holdings in shares of Strategic Education by 2,650.0% during the 2nd quarter. CWM LLC now owns 330 shares of the health services provider’s stock worth $37,000 after acquiring an additional 318 shares during the period. Innealta Capital LLC bought a new position in shares of Strategic Education in the 2nd quarter worth approximately $38,000. Finally, Rothschild Investment LLC purchased a new position in shares of Strategic Education in the 2nd quarter valued at approximately $38,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Strategic Education Price Performance

Shares of NASDAQ:STRA opened at $99.40 on Monday. The business has a fifty day moving average price of $91.32 and a 200-day moving average price of $101.56. The company has a market capitalization of $2.44 billion, a PE ratio of 18.93, a PEG ratio of 1.35 and a beta of 0.57. Strategic Education, Inc. has a 1-year low of $85.11 and a 1-year high of $123.62.

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 analysts’ consensus estimates of $0.81 by $0.35. The business had revenue of $305.96 million during the quarter, compared to analyst estimates of $301.62 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. Strategic Education’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. On average, sell-side analysts anticipate that Strategic Education, Inc. will post 4.76 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be given a $0.60 dividend. 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 (DPR) is presently 45.71%.

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.