Jupiter Topco LLC Takes Position in Strategic Education Inc. $STRA

Jupiter Topco LLC bought a new stake in Strategic Education Inc. (NASDAQ:STRA) in the 2nd quarter, Holdings Channel.com reports. The fund bought 10,164 shares of the health services provider’s stock, valued at approximately $779,000.

Several other large investors have also recently added to or reduced their stakes in STRA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Strategic Education by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,195 shares of the health services provider’s stock worth $1,360,000 after buying an additional 487 shares during the last quarter. Jane Street Group LLC grew its holdings in Strategic Education by 40.2% in the 1st quarter. Jane Street Group LLC now owns 43,433 shares of the health services provider’s stock valued at $3,647,000 after buying an additional 12,444 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Strategic Education by 192.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,162 shares of the health services provider’s stock valued at $99,000 after acquiring an additional 765 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Strategic Education by 20.0% during the 2nd quarter. First Trust Advisors LP now owns 24,657 shares of the health services provider’s stock valued at $2,099,000 after acquiring an additional 4,118 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Strategic Education during the 2nd quarter worth about $246,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Price Performance

Strategic Education stock opened at $81.59 on Monday. The company has a market cap of $1.81 billion, a PE ratio of 13.60, a P/E/G ratio of 0.75 and a beta of 0.49. The company has a fifty day moving average price of $81.49 and a two-hundred day moving average price of $80.28. Strategic Education Inc. has a 12 month low of $69.70 and a 12 month high of $89.73.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Wednesday, July 29th. The health services provider reported $1.76 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.04). Strategic Education had a return on equity of 8.98% and a net margin of 10.46%.The business had revenue of $321.60 million for the quarter, compared to analyst estimates of $327.55 million. During the same quarter last year, the company earned $1.54 EPS. Strategic Education’s revenue was up 4.9% compared to the same quarter last year. Equities research analysts anticipate that Strategic Education Inc. will post 7.23 earnings per share for the current year.

Strategic Education Dividend Announcement

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

Analysts Set New Price Targets

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