Sei Investments Co. Grows Holdings in Strategic Education Inc. $STRA

Sei Investments Co. increased its holdings in Strategic Education Inc. (NASDAQ:STRA) by 91.9% in the 1st quarter, Holdings Channel reports. The fund owned 24,667 shares of the health services provider’s stock after buying an additional 11,810 shares during the quarter. Sei Investments Co.’s holdings in Strategic Education were worth $2,046,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Bastion Asset Management Inc. boosted its position in shares of Strategic Education by 409.3% in the 4th quarter. Bastion Asset Management Inc. now owns 71,209 shares of the health services provider’s stock worth $5,644,000 after purchasing an additional 57,228 shares in the last quarter. Teacher Retirement System of Texas grew its position in Strategic Education by 302.6% during the 4th quarter. Teacher Retirement System of Texas now owns 63,667 shares of the health services provider’s stock valued at $5,106,000 after purchasing an additional 47,853 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in Strategic Education by 568.8% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 36,765 shares of the health services provider’s stock valued at $3,050,000 after purchasing an additional 31,268 shares during the last quarter. SG Americas Securities LLC increased its stake in Strategic Education by 62.9% during the 1st quarter. SG Americas Securities LLC now owns 100,212 shares of the health services provider’s stock valued at $8,314,000 after purchasing an additional 38,681 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new stake in Strategic Education during the 4th quarter valued at about $5,059,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on STRA shares. Barrington Research set a $105.00 target price on shares of Strategic Education in a research note on Wednesday, July 29th. Zacks Research downgraded shares of Strategic Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. BMO Capital Markets boosted their price objective on shares of Strategic Education from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategic Education in a research report on Friday, July 17th. Finally, Truist Financial increased their target price on Strategic Education from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $95.33.

Insider Buying and Selling

In other Strategic Education news, insider Christa Hokenson sold 2,000 shares of Strategic Education stock in a transaction that occurred on Thursday, June 4th. The shares were 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. The trade was a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.60% of the company’s stock.

Strategic Education Stock Performance

STRA opened at $84.88 on Monday. The company’s 50-day simple moving average is $79.62 and its two-hundred day simple moving average is $80.14. The stock has a market capitalization of $1.89 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.78 and a beta of 0.49. Strategic Education Inc. has a 52-week low of $69.70 and a 52-week high of $89.73.

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

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, September 4th will be issued a $0.60 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.40 annualized dividend and a yield of 2.8%. Strategic Education’s dividend payout ratio (DPR) is currently 40.00%.

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.