Advisors Asset Management Inc. Has $241,000 Stock Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Advisors Asset Management Inc. decreased its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 32.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,605 shares of the health services provider’s stock after selling 1,230 shares during the period. Advisors Asset Management Inc.’s holdings in Strategic Education were worth $241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshfield Associates lifted its holdings in shares of Strategic Education by 0.5% during the 2nd quarter. Marshfield Associates now owns 1,820,621 shares of the health services provider’s stock valued at $201,470,000 after buying an additional 9,171 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Strategic Education by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider’s stock valued at $160,212,000 after acquiring an additional 48,462 shares during the last quarter. Burgundy Asset Management Ltd. grew its position in Strategic Education by 2.1% in the second quarter. Burgundy Asset Management Ltd. now owns 1,209,100 shares of the health services provider’s stock worth $133,799,000 after acquiring an additional 25,269 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position in Strategic Education by 0.6% in the second quarter. Disciplined Growth Investors Inc. MN now owns 450,928 shares of the health services provider’s stock worth $49,900,000 after acquiring an additional 2,749 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Strategic Education by 7.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider’s stock worth $40,914,000 after purchasing an additional 25,455 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on STRA shares. Barrington Research reiterated an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a report on Thursday, November 7th. BMO Capital Markets decreased their price target on Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Truist Financial cut their price objective on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Strategic Education currently has an average rating of “Moderate Buy” and an average price target of $126.00.

Strategic Education Stock Performance

NASDAQ STRA opened at $99.56 on Friday. The stock has a market capitalization of $2.45 billion, a PE ratio of 18.96, a P/E/G ratio of 1.39 and a beta of 0.57. The stock has a 50-day simple moving average of $91.65 and a 200 day simple moving average of $101.24. Strategic Education, Inc. has a twelve month low of $85.11 and a twelve month high of $123.62.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The company had revenue of $305.96 million during the quarter, compared to analysts’ expectations of $301.62 million. During the same period in the prior year, the business earned $0.97 earnings per share. Strategic Education’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a $0.60 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.40 annualized dividend and a yield of 2.41%. Strategic Education’s dividend payout ratio is 45.71%.

About Strategic Education

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.