Quest Partners LLC Cuts Stake in Strategic Education, Inc. (NASDAQ:STRA)

Quest Partners LLC lowered its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 41.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,448 shares of the health services provider’s stock after selling 2,491 shares during the quarter. Quest Partners LLC’s holdings in Strategic Education were worth $319,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised 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 buying an additional 125 shares during the last quarter. Arizona State Retirement System raised its position in Strategic Education by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 6,199 shares of the health services provider’s stock worth $686,000 after buying an additional 160 shares during the last quarter. Evergreen Capital Management LLC raised its position in Strategic Education by 8.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,160 shares of the health services provider’s stock worth $239,000 after buying an additional 172 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Strategic Education by 1.9% during 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 buying an additional 200 shares during the last quarter. Finally, US Bancorp DE raised its position in Strategic Education by 12.8% during the 3rd quarter. US Bancorp DE now owns 1,938 shares of the health services provider’s stock worth $179,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STRA. Truist Financial cut 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. BMO Capital Markets cut their price target 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. StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Finally, Barrington Research reiterated an “outperform” rating and issued a $135.00 price target on shares of Strategic Education in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.00.

Strategic Education Trading Up 0.1 %

NASDAQ:STRA opened at $99.52 on Tuesday. The firm has a 50-day moving average price of $91.42 and a two-hundred day moving average price of $101.41. Strategic Education, Inc. has a twelve month low of $85.11 and a twelve month high of $123.62. The company has a market capitalization of $2.45 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 1.38 and a beta of 0.57.

Strategic Education (NASDAQ:STRA) last posted its earnings results 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 net margin of 10.44% and a return on equity of 7.61%. The firm had revenue of $305.96 million during the quarter, compared to the consensus estimate of $301.62 million. During the same period last year, the firm posted $0.97 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts predict that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.60 per share. 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 (DPR) is currently 45.71%.

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.