Strategic Education, Inc. (NASDAQ:STRA) Shares Acquired by Evergreen Capital Management LLC

Evergreen Capital Management LLC lifted its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA) by 8.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,160 shares of the health services provider’s stock after acquiring an additional 172 shares during the period. Evergreen Capital Management LLC’s holdings in Strategic Education were worth $239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. grew its position in Strategic Education by 46.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider’s stock worth $44,000 after purchasing an additional 125 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Strategic Education by 2.6% during the second quarter. Arizona State Retirement System now owns 6,199 shares of the health services provider’s stock valued at $686,000 after buying an additional 160 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Strategic Education by 1.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,984 shares of the health services provider’s stock valued at $1,352,000 after acquiring an additional 165 shares during the period. Louisiana State Employees Retirement System raised its stake in Strategic Education by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the health services provider’s stock worth $1,217,000 after acquiring an additional 200 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its position in Strategic Education by 3.2% during the 1st quarter. SkyView Investment Advisors LLC now owns 7,651 shares of the health services provider’s stock worth $797,000 after acquiring an additional 236 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Strategic Education

In other Strategic Education news, Director Viet D. Dinh purchased 5,000 shares of the stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $95.59 per share, for a total transaction of $477,950.00. Following the completion of the transaction, the director now owns 20,020 shares of the company’s stock, valued at approximately $1,913,711.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on STRA shares. BMO Capital Markets cut their price objective on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. StockNews.com upgraded shares of Strategic Education from a “hold” rating to a “buy” rating in a report on Friday. Finally, Barrington Research restated an “outperform” rating and set a $135.00 price objective on shares of Strategic Education in a research note on Thursday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $132.25.

Strategic Education Stock Up 1.5 %

Shares of STRA stock opened at $92.72 on Friday. 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 $2.28 billion, a P/E ratio of 21.97, a P/E/G ratio of 1.32 and a beta of 0.56. The stock has a 50 day moving average of $98.16 and a 200 day moving average of $105.72. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04.

Strategic Education (NASDAQ:STRA) last posted its earnings results on Wednesday, July 31st. The health services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.14. The firm had revenue of $312.30 million during the quarter, compared to analysts’ expectations of $308.16 million. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 EPS. As a group, sell-side analysts expect that Strategic Education, Inc. will post 4.65 EPS for the current year.

Strategic Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Friday, September 6th. Strategic Education’s dividend payout ratio (DPR) is presently 56.87%.

Strategic Education Company 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.