Renaissance Technologies LLC Has $9.04 Million Stock Holdings in Strategic Education Inc. $STRA

Renaissance Technologies LLC trimmed its position in shares of Strategic Education Inc. (NASDAQ:STRA) by 29.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 109,018 shares of the health services provider’s stock after selling 44,800 shares during the period. Renaissance Technologies LLC’s holdings in Strategic Education were worth $9,044,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can raised its stake in Strategic Education by 62,355.4% during the fourth quarter. Bank of Montreal Can now owns 1,467,702 shares of the health services provider’s stock worth $117,710,000 after acquiring an additional 1,465,352 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Strategic Education by 188.6% in the 2nd quarter. AQR Capital Management LLC now owns 245,296 shares of the health services provider’s stock valued at $20,882,000 after purchasing an additional 160,303 shares during the period. Millennium Management LLC boosted its stake in Strategic Education by 115.4% during the third quarter. Millennium Management LLC now owns 216,117 shares of the health services provider’s stock worth $18,588,000 after acquiring an additional 115,801 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Strategic Education in the second quarter worth approximately $9,615,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Strategic Education by 30.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 454,509 shares of the health services provider’s stock valued at $37,706,000 after buying an additional 106,487 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In other Strategic Education news, insider Christa Hokenson sold 2,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $80.00, for a total value of $160,000.00. Following the completion of the sale, the insider owned 65,195 shares of the company’s stock, valued at approximately $5,215,600. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is currently owned by company insiders.

Strategic Education Price Performance

Shares of NASDAQ STRA opened at $82.00 on Monday. The firm has a fifty day moving average price of $79.01 and a 200-day moving average price of $80.15. The stock has a market cap of $1.82 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 0.76 and a beta of 0.50. Strategic Education Inc. has a 1 year low of $69.70 and a 1 year high of $89.73.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Wednesday, July 29th. The health services provider reported $1.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.04). The company had revenue of $321.60 million for the quarter, compared to the consensus estimate of $327.55 million. Strategic Education had a return on equity of 8.98% and a net margin of 10.46%.Strategic Education’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.54 EPS. On average, research analysts expect that Strategic Education Inc. will post 7.21 EPS for the current year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, September 4th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.9%. Strategic Education’s payout ratio is 40.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their target price on Strategic Education from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Zacks Research lowered shares of Strategic Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a research report on Friday, July 17th. Barrington Research set a $105.00 price objective on Strategic Education in a report on Wednesday. Finally, Truist Financial upped their price target on Strategic Education from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $95.33.

About Strategic Education

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.