Thrivent Financial for Lutherans Has $4.05 Million Position in Strategic Education, Inc. (NASDAQ:STRA)

Thrivent Financial for Lutherans boosted its stake in Strategic Education, Inc. (NASDAQ:STRA) by 19.7% in the third quarter, HoldingsChannel reports. The firm owned 43,755 shares of the health services provider’s stock after buying an additional 7,203 shares during the period. Thrivent Financial for Lutherans’ holdings in Strategic Education were worth $4,050,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Marshfield Associates raised its holdings in Strategic Education by 0.5% during the second quarter. Marshfield Associates now owns 1,820,621 shares of the health services provider’s stock worth $201,470,000 after buying an additional 9,171 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Strategic Education by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider’s stock worth $160,212,000 after acquiring an additional 48,462 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in Strategic Education by 2.1% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,209,100 shares of the health services provider’s stock valued at $133,799,000 after acquiring an additional 25,269 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in Strategic Education by 0.6% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 450,928 shares of the health services provider’s stock valued at $49,900,000 after purchasing an additional 2,749 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Strategic Education by 7.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider’s stock worth $40,914,000 after purchasing an additional 25,455 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Strategic Education Trading Up 2.8 %

STRA stock opened at $99.40 on Monday. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.35 and a beta of 0.57. The firm’s 50-day moving average price is $91.32 and its two-hundred day moving average price is $101.56. Strategic Education, Inc. has a 12-month low of $85.11 and a 12-month high of $123.62.

Strategic Education (NASDAQ:STRA) last posted its earnings results on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, topping the consensus estimate of $0.81 by $0.35. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm had revenue of $305.96 million during the quarter, compared to analysts’ expectations of $301.62 million. During the same period last year, the company posted $0.97 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts predict that Strategic Education, Inc. will post 4.76 EPS for the current year.

Strategic Education Dividend Announcement

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

About Strategic Education

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.