Lightrock Netherlands B.V. Has $20.19 Million Holdings in Strategic Education Inc. $STRA

Lightrock Netherlands B.V. boosted its holdings in Strategic Education Inc. (NASDAQ:STRA) by 155.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 234,719 shares of the health services provider’s stock after acquiring an additional 142,915 shares during the quarter. Strategic Education accounts for about 4.5% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 4th biggest position. Lightrock Netherlands B.V.’s holdings in Strategic Education were worth $20,188,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Strategic Education by 56.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 262,035 shares of the health services provider’s stock worth $22,307,000 after acquiring an additional 94,955 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in Strategic Education by 3.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,524,317 shares of the health services provider’s stock worth $129,765,000 after purchasing an additional 48,486 shares during the last quarter. Cerity Partners LLC lifted its holdings in Strategic Education by 1,939.3% during the 2nd quarter. Cerity Partners LLC now owns 114,954 shares of the health services provider’s stock worth $9,786,000 after buying an additional 109,317 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Strategic Education by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 263,217 shares of the health services provider’s stock valued at $22,408,000 after buying an additional 4,116 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co bought a new position in Strategic Education in the 2nd quarter valued at $921,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Strategic Education Stock Down 0.8%

STRA stock opened at $85.62 on Friday. Strategic Education Inc. has a twelve month low of $72.25 and a twelve month high of $104.51. The company has a market cap of $2.01 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 0.88 and a beta of 0.57. The business’s fifty day moving average is $80.85 and its 200-day moving average is $80.47.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, November 6th. The health services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.33. Strategic Education had a return on equity of 8.18% and a net margin of 9.08%.The business had revenue of $319.95 million during the quarter, compared to analysts’ expectations of $315.40 million. During the same period in the previous year, the firm earned $1.16 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Research analysts anticipate that Strategic Education Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.8%. Strategic Education’s dividend payout ratio is 49.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on STRA shares. Weiss Ratings restated a “hold (c)” rating on shares of Strategic Education in a research report on Thursday. Barrington Research reiterated an “outperform” rating and issued a $105.00 price objective on shares of Strategic Education in a research report on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $99.33.

Strategic Education Profile

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.