TD Asset Management Inc Has $3.02 Million Stake in Strategic Education, Inc. (NASDAQ:STRA)

TD Asset Management Inc reduced its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA) by 17.7% in the second quarter, HoldingsChannel.com reports. The fund owned 27,276 shares of the health services provider’s stock after selling 5,860 shares during the quarter. TD Asset Management Inc’s holdings in Strategic Education were worth $3,018,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in STRA. Jackson Creek Investment Advisors LLC acquired a new stake in Strategic Education during the second quarter worth approximately $1,000,000. Guidance Capital Inc. grew its position in shares of Strategic Education by 6.7% during the 2nd quarter. Guidance Capital Inc. now owns 4,921 shares of the health services provider’s stock worth $519,000 after buying an additional 309 shares during the period. Ingalls & Snyder LLC increased its stake in shares of Strategic Education by 6.7% in the 2nd quarter. Ingalls & Snyder LLC now owns 21,284 shares of the health services provider’s stock valued at $2,355,000 after acquiring an additional 1,335 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Strategic Education during the 2nd quarter valued at $38,000. Finally, International Assets Investment Management LLC bought a new position in Strategic Education during the second quarter worth $211,000. 93.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Viet D. Dinh acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average cost of $95.59 per share, for a total transaction of $477,950.00. Following the purchase, the director now owns 20,020 shares in the company, valued at approximately $1,913,711.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.10% of the company’s stock.

Strategic Education Stock Up 0.9 %

STRA opened at $93.11 on Friday. The company’s 50-day moving average price is $102.56 and its two-hundred day moving average price is $106.50. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. Strategic Education, Inc. has a twelve month low of $74.43 and a twelve month high of $123.62. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.03 and a beta of 0.56.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Wednesday, July 31st. The health services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.14. Strategic Education had a return on equity of 7.47% and a net margin of 9.84%. The company had revenue of $312.30 million during the quarter, compared to the consensus estimate of $308.16 million. During the same quarter in the prior year, the company earned $0.82 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Strategic Education, Inc. will post 4.68 earnings per share for the current year.

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, September 6th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.40 annualized dividend and a dividend yield of 2.58%. Strategic Education’s dividend payout ratio is currently 56.87%.

Analyst Upgrades and Downgrades

STRA has been the subject of several research analyst reports. StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BMO Capital Markets decreased their target price on Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Strategic Education presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.25.

Strategic Education Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.