Quantbot Technologies LP raised its holdings in Strategic Education Inc (NASDAQ:STRA) by 342,240.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,117 shares of the health services provider’s stock after acquiring an additional 17,112 shares during the quarter. Quantbot Technologies LP owned approximately 0.15% of Strategic Education worth $2,345,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in STRA. Bank of Montreal Can grew its position in Strategic Education by 87.2% in the 3rd quarter. Bank of Montreal Can now owns 1,185 shares of the health services provider’s stock valued at $163,000 after acquiring an additional 552 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Strategic Education by 141.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,244 shares of the health services provider’s stock valued at $170,000 after acquiring an additional 729 shares during the last quarter. CIBC Asset Management Inc bought a new position in Strategic Education in the 3rd quarter valued at $204,000. Rothschild Investment Corp IL bought a new position in Strategic Education in the 3rd quarter valued at $206,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Strategic Education in the 2nd quarter valued at $226,000.
Shares of STRA stock opened at $135.06 on Friday. Strategic Education Inc has a twelve month low of $80.75 and a twelve month high of $154.89. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 43.43, a PEG ratio of 2.92 and a beta of 1.03.
Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, November 8th. The health services provider reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.24. Strategic Education had a positive return on equity of 10.30% and a negative net margin of 8.74%. The business had revenue of $160.90 million during the quarter, compared to analysts’ expectations of $185.48 million. During the same period in the prior year, the business earned $0.34 EPS. The business’s revenue for the quarter was up 48.3% compared to the same quarter last year. As a group, sell-side analysts predict that Strategic Education Inc will post 4.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, November 30th. Strategic Education’s dividend payout ratio is 64.31%.
In related news, insider J Kevin Gilligan sold 5,000 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $135.32, for a total transaction of $676,600.00. Following the completion of the sale, the insider now directly owns 120,554 shares in the company, valued at approximately $16,313,367.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert R. Grusky sold 507 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $144.05, for a total value of $73,033.35. Following the sale, the director now owns 12,567 shares of the company’s stock, valued at $1,810,276.35. The disclosure for this sale can be found here. Insiders sold a total of 60,507 shares of company stock valued at $8,008,183 over the last quarter. Company insiders own 3.70% of the company’s stock.
Several equities analysts have commented on the company. ValuEngine downgraded Strategic Education from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. BMO Capital Markets upped their price objective on Strategic Education to $152.00 and gave the company an “outperform” rating in a research report on Friday, August 24th. Barrington Research began coverage on Strategic Education in a report on Tuesday, August 21st. They issued an “outperform” rating and a $160.00 target price for the company. BidaskClub upgraded Strategic Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 18th. Finally, Piper Jaffray Companies upped their target price on Strategic Education to $165.00 and gave the stock an “overweight” rating in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Strategic Education presently has a consensus rating of “Buy” and a consensus price target of $148.60.
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Strategic Education Company Profile
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.
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