Edgestream Partners L.P. Makes New $1.45 Million Investment in Strategic Education Inc. $STRA

Edgestream Partners L.P. bought a new position in Strategic Education Inc. (NASDAQ:STRA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,492 shares of the health services provider’s stock, valued at approximately $1,451,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can raised its holdings in Strategic Education by 62,355.4% during the fourth quarter. Bank of Montreal Can now owns 1,467,702 shares of the health services provider’s stock worth $117,710,000 after purchasing an additional 1,465,352 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Strategic Education by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,458,740 shares of the health services provider’s stock valued at $121,017,000 after purchasing an additional 7,346 shares during the period. State Street Corp boosted its holdings in Strategic Education by 0.8% in the 4th quarter. State Street Corp now owns 881,089 shares of the health services provider’s stock valued at $70,663,000 after purchasing an additional 6,737 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Strategic Education by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 609,040 shares of the health services provider’s stock valued at $48,853,000 after purchasing an additional 1,579 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Strategic Education by 30.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 454,509 shares of the health services provider’s stock worth $37,706,000 after purchasing an additional 106,487 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Strategic Education Price Performance

Shares of NASDAQ:STRA opened at $83.70 on Tuesday. Strategic Education Inc. has a 12 month low of $69.70 and a 12 month high of $89.73. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 0.76 and a beta of 0.49. The business’s 50 day simple moving average is $79.11 and its 200-day simple moving average is $80.15.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Wednesday, July 29th. The health services provider reported $1.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.04). The firm had revenue of $321.60 million for the quarter, compared to analyst estimates of $327.55 million. Strategic Education had a return on equity of 8.98% and a net margin of 10.46%.The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 earnings per share. On average, equities analysts anticipate that Strategic Education Inc. will post 7.21 earnings per share for the current year.

Strategic Education Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, September 4th will be given a $0.60 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.9%. Strategic Education’s dividend payout ratio (DPR) is currently 40.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on STRA shares. Zacks Research downgraded Strategic Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised Strategic Education from a “hold” rating to a “buy” rating in a report on Saturday. Truist Financial increased their price objective on Strategic Education from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. BMO Capital Markets raised their target price on Strategic Education from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Strategic Education in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $95.33.

Insider Buying and Selling at Strategic Education

In related news, insider Christa Hokenson sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $80.00, for a total value of $160,000.00. Following the sale, the insider directly owned 65,195 shares in the company, valued at $5,215,600. The trade was a 2.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is currently owned by corporate insiders.

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.