Strategic Education, Inc. (NASDAQ:STRA) Shares Sold by Algert Global LLC

Algert Global LLC reduced its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 72.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,665 shares of the health services provider’s stock after selling 40,326 shares during the period. Algert Global LLC owned approximately 0.06% of Strategic Education worth $1,450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in STRA. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Strategic Education during the second quarter worth $36,000. CWM LLC lifted its position in Strategic Education by 2,650.0% during the second quarter. CWM LLC now owns 330 shares of the health services provider’s stock valued at $37,000 after purchasing an additional 318 shares during the period. Linden Thomas Advisory Services LLC lifted its position in Strategic Education by 1.9% during the second quarter. Linden Thomas Advisory Services LLC now owns 13,667 shares of the health services provider’s stock valued at $1,512,000 after purchasing an additional 257 shares during the period. Wedge Capital Management L L P NC acquired a new position in Strategic Education during the second quarter valued at $1,357,000. Finally, Louisiana State Employees Retirement System lifted its position in Strategic Education by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the health services provider’s stock valued at $1,217,000 after purchasing an additional 200 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STRA has been the subject of a number of research reports. Truist Financial decreased their target price 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. StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. 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 research report on Thursday, August 1st. Finally, Barrington Research reiterated an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Strategic Education has a consensus rating of “Moderate Buy” and an average target price of $126.00.

Strategic Education Stock Performance

Shares of Strategic Education stock opened at $99.56 on Friday. The company has a market cap of $2.45 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 1.39 and a beta of 0.57. The firm has a 50-day simple moving average of $91.65 and a two-hundred day simple moving average of $101.24. Strategic Education, Inc. has a fifty-two week low of $85.11 and a fifty-two week high of $123.62.

Strategic Education (NASDAQ:STRA) last released its earnings results on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. The business had revenue of $305.96 million during the quarter, compared to analysts’ expectations of $301.62 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. Equities research analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.41%. Strategic Education’s dividend payout ratio is currently 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.