Strategic Education, Inc. (NASDAQ:STRA) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,911 shares of the health services provider’s stock after acquiring an additional 1,036 shares during the period. State of Alaska Department of Revenue’s holdings in Strategic Education were worth $1,287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of STRA. Louisiana State Employees Retirement System increased its stake in shares of Strategic Education by 7.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the health services provider’s stock worth $1,092,000 after purchasing an additional 800 shares in the last quarter. International Assets Investment Management LLC increased its position in Strategic Education by 10,374.4% during the third quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider’s stock worth $18,467,000 after buying an additional 197,633 shares in the last quarter. Guidance Capital Inc. increased its position in Strategic Education by 5.8% during the third quarter. Guidance Capital Inc. now owns 5,206 shares of the health services provider’s stock worth $459,000 after buying an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Strategic Education in the third quarter worth $55,000. Finally, Wedge Capital Management L L P NC lifted its position in shares of Strategic Education by 24.2% in the third quarter. Wedge Capital Management L L P NC now owns 15,235 shares of the health services provider’s stock valued at $1,410,000 after acquiring an additional 2,971 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barrington Research reiterated an “outperform” rating and set a $135.00 price objective on shares of Strategic Education in a research report on Thursday, September 26th. Truist Financial lowered their price target on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, BMO Capital Markets decreased their target price on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Strategic Education currently has a consensus rating of “Moderate Buy” and an average price target of $126.00.

Strategic Education Stock Down 0.4 %

STRA opened at $86.63 on Monday. Strategic Education, Inc. has a 12 month low of $83.00 and a 12 month high of $123.62. The business has a 50-day moving average of $91.04 and a two-hundred day moving average of $103.27. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58.

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.77%. The ex-dividend date was Friday, September 6th. Strategic Education’s dividend payout ratio (DPR) is 49.28%.

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.