International Assets Investment Management LLC Has $18.47 Million Holdings in Strategic Education, Inc. (NASDAQ:STRA)

International Assets Investment Management LLC raised its stake in Strategic Education, Inc. (NASDAQ:STRA) by 10,374.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 199,538 shares of the health services provider’s stock after buying an additional 197,633 shares during the quarter. International Assets Investment Management LLC’s holdings in Strategic Education were worth $18,467,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Strategic Education during the 2nd quarter worth approximately $12,231,000. Renaissance Technologies LLC grew its position in shares of Strategic Education by 64.9% during the 2nd quarter. Renaissance Technologies LLC now owns 251,778 shares of the health services provider’s stock worth $27,862,000 after buying an additional 99,100 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Strategic Education by 3.5% during 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 buying an additional 48,462 shares during the period. Algert Global LLC grew its position in shares of Strategic Education by 570.1% during the 2nd quarter. Algert Global LLC now owns 55,991 shares of the health services provider’s stock worth $6,196,000 after buying an additional 47,635 shares during the period. Finally, Burgundy Asset Management Ltd. grew its position in shares of Strategic Education by 4.0% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,183,831 shares of the health services provider’s stock worth $123,260,000 after buying an additional 45,870 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Stock Performance

Shares of STRA stock opened at $87.44 on Wednesday. The stock has a market cap of $2.15 billion, a P/E ratio of 20.72, a P/E/G ratio of 1.23 and a beta of 0.56. 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 company has a fifty day moving average price of $91.61 and a two-hundred day moving average price of $103.52. Strategic Education, Inc. has a one year low of $80.34 and a one year high of $123.62.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Wednesday, July 31st. The health services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.14. The company had revenue of $312.30 million for the quarter, compared to analyst estimates of $308.16 million. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share. As a group, equities analysts predict that Strategic Education, Inc. will post 4.65 EPS for the current year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, September 6th. Strategic Education’s payout ratio is presently 56.87%.

Insider Activity

In other Strategic Education news, Director Viet D. Dinh purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $95.59 per share, with a total value of $477,950.00. Following the completion of the transaction, the director now owns 20,020 shares in the company, valued at $1,913,711.80. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.