Captrust Financial Advisors Grows Position in Strategic Education, Inc. (NASDAQ:STRA)

Captrust Financial Advisors raised its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 10.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,405 shares of the health services provider’s stock after acquiring an additional 420 shares during the period. Captrust Financial Advisors’ holdings in Strategic Education were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in Strategic Education by 19.7% during the third quarter. Thrivent Financial for Lutherans now owns 43,755 shares of the health services provider’s stock valued at $4,050,000 after purchasing an additional 7,203 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Strategic Education in the 2nd quarter worth about $1,357,000. Intech Investment Management LLC purchased a new stake in shares of Strategic Education during the 3rd quarter valued at about $702,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Strategic Education by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 313,727 shares of the health services provider’s stock valued at $29,035,000 after acquiring an additional 20,389 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Strategic Education by 7.4% in the second quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider’s stock worth $40,914,000 after acquiring an additional 25,455 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Truist Financial decreased their price objective on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Barrington Research restated an “outperform” rating and set a $135.00 price target on shares of Strategic Education in a report on Thursday, November 7th. Finally, StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $126.00.

Strategic Education Price Performance

Shares of NASDAQ:STRA opened at $99.01 on Friday. The firm has a market capitalization of $2.43 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.38 and a beta of 0.59. The business has a 50 day simple moving average of $93.49 and a two-hundred day simple moving average of $99.82. Strategic Education, Inc. has a 1 year low of $85.11 and a 1 year 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 (EPS) for the quarter, beating 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 company had revenue of $305.96 million during the quarter, compared to analysts’ expectations of $301.62 million. During the same quarter in the previous year, the business earned $0.97 EPS. Strategic Education’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts expect 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 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 yield of 2.42%. The ex-dividend date of this dividend was Monday, December 2nd. Strategic Education’s dividend payout ratio is presently 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.