Tower Research Capital LLC TRC lowered its position in Strategic Education Inc (NASDAQ:STRA) by 23.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 722 shares of the health services provider’s stock after selling 216 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Strategic Education were worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Pinebridge Investments L.P. grew its stake in Strategic Education by 200.1% in the second quarter. Pinebridge Investments L.P. now owns 15,897 shares of the health services provider’s stock worth $2,830,000 after purchasing an additional 10,600 shares during the period. Profund Advisors LLC grew its stake in Strategic Education by 8.8% in the second quarter. Profund Advisors LLC now owns 2,095 shares of the health services provider’s stock worth $373,000 after purchasing an additional 169 shares during the period. Parametric Portfolio Associates LLC grew its stake in Strategic Education by 8.6% in the second quarter. Parametric Portfolio Associates LLC now owns 107,129 shares of the health services provider’s stock worth $19,069,000 after purchasing an additional 8,482 shares during the period. Bogle Investment Management L P DE purchased a new stake in Strategic Education in the second quarter worth $819,000. Finally, Northern Trust Corp grew its stake in Strategic Education by 1.5% in the second quarter. Northern Trust Corp now owns 291,085 shares of the health services provider’s stock worth $51,814,000 after purchasing an additional 4,398 shares during the period. 94.86% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the company. First Analysis reaffirmed a “strong-buy” rating and issued a $216.00 price target (up from $210.00) on shares of Strategic Education in a research note on Friday, June 28th. Zacks Investment Research cut Strategic Education from a “buy” rating to a “hold” rating and set a $154.00 price target on the stock. in a research note on Monday, July 8th. BidaskClub cut Strategic Education from a “sell” rating to a “strong sell” rating in a research note on Friday, September 13th. Barrington Research reaffirmed an “outperform” rating and issued a $210.00 price target (up from $185.00) on shares of Strategic Education in a research note on Wednesday, July 31st. Finally, BMO Capital Markets upped their price target on Strategic Education from $180.00 to $194.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Strategic Education has an average rating of “Buy” and an average price target of $189.80.
Strategic Education (NASDAQ:STRA) last released its earnings results on Wednesday, July 31st. The health services provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.12. Strategic Education had a return on equity of 8.65% and a net margin of 0.62%. The firm had revenue of $245.10 million for the quarter, compared to analysts’ expectations of $240.79 million. During the same period in the prior year, the firm posted $0.87 earnings per share. The company’s quarterly revenue was up 113.7% on a year-over-year basis. Research analysts forecast that Strategic Education Inc will post 6.64 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.37%. Strategic Education’s dividend payout ratio is currently 42.11%.
Strategic Education Profile
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.
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