BNP Paribas Financial Markets Reduces Position in Strategic Education, Inc. (NASDAQ:STRA)

BNP Paribas Financial Markets lowered its position in Strategic Education, Inc. (NASDAQ:STRA) by 58.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,046 shares of the health services provider’s stock after selling 6,996 shares during the quarter. BNP Paribas Financial Markets’ holdings in Strategic Education were worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of STRA. Quantbot Technologies LP acquired a new position in shares of Strategic Education in the 3rd quarter valued at $1,501,000. D.A. Davidson & CO. increased its stake in Strategic Education by 4.5% in the third quarter. D.A. Davidson & CO. now owns 9,660 shares of the health services provider’s stock valued at $894,000 after purchasing an additional 418 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in shares of Strategic Education by 4.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 7,676 shares of the health services provider’s stock valued at $710,000 after buying an additional 306 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Strategic Education by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 313,727 shares of the health services provider’s stock worth $29,035,000 after buying an additional 20,389 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Strategic Education during the third quarter worth about $702,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Strategic Education Trading Down 1.1 %

NASDAQ STRA opened at $99.01 on Friday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.38 and a beta of 0.59. The business’s 50 day moving average is $93.49 and its two-hundred day moving average is $99.82. Strategic Education, Inc. has a 12-month low of $85.11 and a 12-month high of $123.62.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. During the same quarter in the prior year, the company posted $0.97 earnings per share. Strategic Education’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts forecast that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Monday, December 2nd. Strategic Education’s dividend payout ratio (DPR) is 45.71%.

Analyst Ratings Changes

STRA has been the subject of several analyst reports. StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Truist Financial cut their price target on Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Barrington Research reiterated an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.