Shell Asset Management Co. Sells 5,042 Shares of Strategic Education Inc (STRA)

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Shell Asset Management Co. trimmed its position in shares of Strategic Education Inc (NASDAQ:STRA) by 33.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,843 shares of the health services provider’s stock after selling 5,042 shares during the period. Shell Asset Management Co.’s holdings in Strategic Education were worth $1,292,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Strategic Education by 240.4% in the third quarter. JPMorgan Chase & Co. now owns 44,455 shares of the health services provider’s stock valued at $6,092,000 after purchasing an additional 31,395 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Strategic Education by 93.5% during the third quarter. Morgan Stanley now owns 69,910 shares of the health services provider’s stock worth $9,581,000 after purchasing an additional 33,778 shares during the period. Bank of Montreal Can lifted its holdings in Strategic Education by 18.2% in the fourth quarter. Bank of Montreal Can now owns 1,401 shares of the health services provider’s stock valued at $159,000 after acquiring an additional 216 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Strategic Education by 12.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,397 shares of the health services provider’s stock valued at $158,000 after acquiring an additional 153 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new stake in Strategic Education in the fourth quarter valued at $4,770,000. Hedge funds and other institutional investors own 97.07% of the company’s stock.

Shares of STRA stock opened at $180.23 on Monday. Strategic Education Inc has a fifty-two week low of $102.21 and a fifty-two week high of $181.69. The firm has a market capitalization of $3.95 billion, a PE ratio of 37.94, a PEG ratio of 1.86 and a beta of 1.01.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Wednesday, May 1st. The health services provider reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. The business had revenue of $246.50 million during the quarter, compared to analysts’ expectations of $240.71 million. Strategic Education had a positive return on equity of 8.74% and a negative net margin of 1.78%. The business’s revenue for the quarter was up 111.6% on a year-over-year basis. During the same quarter last year, the business posted $1.23 earnings per share. As a group, sell-side analysts forecast that Strategic Education Inc will post 6.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Friday, May 24th. Strategic Education’s dividend payout ratio is presently 42.11%.

In related news, Director Robert R. Grusky sold 2,515 shares of Strategic Education stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $167.19, for a total transaction of $420,482.85. Following the completion of the sale, the director now owns 10,776 shares in the company, valued at approximately $1,801,639.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Raymond Karl Mcdonnell sold 22,436 shares of Strategic Education stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $164.25, for a total value of $3,685,113.00. Following the sale, the chief executive officer now owns 157,423 shares of the company’s stock, valued at approximately $25,856,727.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,363 shares of company stock valued at $10,463,325. 3.60% of the stock is currently owned by company insiders.

A number of equities research analysts have commented on the company. BidaskClub raised Strategic Education from a “sell” rating to a “hold” rating in a report on Friday, April 5th. Barrington Research reissued an “outperform” rating and issued a $185.00 target price (up previously from $175.00) on shares of Strategic Education in a report on Wednesday, May 1st. Zacks Investment Research raised Strategic Education from a “sell” rating to a “hold” rating and set a $182.00 target price for the company in a report on Thursday, May 2nd. Finally, ValuEngine upgraded Strategic Education from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Strategic Education presently has a consensus rating of “Buy” and an average price target of $176.00.

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Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.

Read More: What is Compound Annual Growth Rate (CAGR)?

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Institutional Ownership by Quarter for Strategic Education (NASDAQ:STRA)

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