Y Intercept Hong Kong Ltd Buys 15,588 Shares of Strategic Education Inc. $STRA

Y Intercept Hong Kong Ltd boosted its position in shares of Strategic Education Inc. (NASDAQ:STRA) by 158.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,438 shares of the health services provider’s stock after purchasing an additional 15,588 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Strategic Education were worth $2,188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Strategic Education by 56.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 262,035 shares of the health services provider’s stock valued at $22,307,000 after acquiring an additional 94,955 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in Strategic Education by 3.3% in the second quarter. Burgundy Asset Management Ltd. now owns 1,524,317 shares of the health services provider’s stock valued at $129,765,000 after purchasing an additional 48,486 shares in the last quarter. Cerity Partners LLC grew its stake in Strategic Education by 1,939.3% in the second quarter. Cerity Partners LLC now owns 114,954 shares of the health services provider’s stock valued at $9,786,000 after purchasing an additional 109,317 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Strategic Education by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 263,217 shares of the health services provider’s stock worth $22,408,000 after purchasing an additional 4,116 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Strategic Education by 16.9% in the 2nd quarter. D.A. Davidson & CO. now owns 12,980 shares of the health services provider’s stock valued at $1,105,000 after buying an additional 1,873 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Trading Up 0.4%

Shares of STRA opened at $84.31 on Thursday. Strategic Education Inc. has a 12 month low of $72.25 and a 12 month high of $104.51. The firm’s 50 day moving average is $81.25 and its 200-day moving average is $80.55. The stock has a market capitalization of $1.98 billion, a PE ratio of 17.53, a P/E/G ratio of 0.86 and a beta of 0.57.

Strategic Education (NASDAQ:STRA) last posted 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. The firm had revenue of $319.95 million for the quarter, compared to analyst estimates of $315.40 million. Strategic Education had a return on equity of 8.18% and a net margin of 9.08%.The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $1.16 EPS. Equities research analysts predict that Strategic Education Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.40 annualized dividend and a yield of 2.8%. Strategic Education’s dividend payout ratio is currently 49.90%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $105.00 price target on shares of Strategic Education in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $99.33.

Strategic Education Company 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.