SG Americas Securities LLC Decreases Position in Strategic Education, Inc. (NASDAQ:STRA)

SG Americas Securities LLC lessened its holdings in Strategic Education, Inc. (NASDAQ:STRA) by 50.5% during the third quarter, Holdings Channel.com reports. The firm owned 1,352 shares of the health services provider’s stock after selling 1,377 shares during the quarter. SG Americas Securities LLC’s holdings in Strategic Education were worth $125,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Marshfield Associates raised its position in Strategic Education by 0.5% in the 2nd quarter. Marshfield Associates now owns 1,820,621 shares of the health services provider’s stock worth $201,470,000 after purchasing an additional 9,171 shares during the period. Dimensional Fund Advisors LP raised its position in Strategic Education by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider’s stock worth $160,212,000 after purchasing an additional 48,462 shares during the period. Burgundy Asset Management Ltd. raised its position in Strategic Education by 2.1% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,209,100 shares of the health services provider’s stock worth $133,799,000 after purchasing an additional 25,269 shares during the period. Disciplined Growth Investors Inc. MN raised its position in Strategic Education by 0.6% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 450,928 shares of the health services provider’s stock worth $49,900,000 after purchasing an additional 2,749 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Strategic Education by 7.4% in 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 period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Activity at Strategic Education

In related news, Director Viet D. Dinh purchased 5,000 shares of Strategic Education stock in a transaction that occurred 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 directly owns 20,020 shares of the company’s stock, valued at $1,913,711.80. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.10% of the stock is owned by corporate insiders.

Strategic Education Price Performance

Shares of Strategic Education stock opened at $85.85 on Friday. The firm has a market cap of $2.11 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.23 and a beta of 0.56. Strategic Education, Inc. has a 12-month low of $78.40 and a 12-month high of $123.62. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $91.97 and its two-hundred day simple moving average is $103.67.

Strategic Education (NASDAQ:STRA) last announced its quarterly 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. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The company had revenue of $312.30 million for the quarter, compared to analysts’ expectations of $308.16 million. During the same quarter in the previous year, the company earned $0.82 earnings per share. Strategic Education’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Strategic Education, Inc. will post 4.65 EPS for the current year.

Strategic Education Announces Dividend

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 dividend yield of 2.80%. The ex-dividend date of this dividend was Friday, September 6th. Strategic Education’s dividend payout ratio is currently 56.87%.

Analyst Ratings Changes

A number of brokerages recently commented on STRA. 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. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Barrington Research reissued an “outperform” rating and issued a $135.00 price target on shares of Strategic Education in a report on Thursday, September 26th. Finally, Truist Financial cut their price target on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Strategic Education currently has a consensus rating of “Moderate Buy” and an average price target of $126.00.

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.