Westfield Capital Management Co. LP Takes $24.42 Million Position in Strategic Education Inc (NASDAQ:STRA)

Westfield Capital Management Co. LP acquired a new stake in Strategic Education Inc (NASDAQ:STRA) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 185,939 shares of the health services provider’s stock, valued at approximately $24,416,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STRA. Crossmark Global Holdings Inc. raised its stake in shares of Strategic Education by 2.4% during the first quarter. Crossmark Global Holdings Inc. now owns 3,011 shares of the health services provider’s stock worth $395,000 after purchasing an additional 70 shares during the last quarter. Ingalls & Snyder LLC raised its stake in shares of Strategic Education by 0.3% during the first quarter. Ingalls & Snyder LLC now owns 34,481 shares of the health services provider’s stock worth $4,528,000 after purchasing an additional 95 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Strategic Education by 0.3% during the first quarter. Arizona State Retirement System now owns 33,546 shares of the health services provider’s stock worth $4,405,000 after purchasing an additional 114 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Strategic Education by 5.8% during the first quarter. First Mercantile Trust Co. now owns 2,749 shares of the health services provider’s stock worth $361,000 after purchasing an additional 150 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Strategic Education by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 8,408 shares of the health services provider’s stock worth $1,104,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 97.07% of the company’s stock.

In related news, CEO Raymond Karl Mcdonnell sold 22,436 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $164.25, for a total transaction of $3,685,113.00. Following the transaction, the chief executive officer now owns 157,423 shares of the company’s stock, valued at $25,856,727.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman J Kevin Gilligan sold 7,500 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $139.63, for a total value of $1,047,225.00. Following the transaction, the insider now directly owns 53,987 shares in the company, valued at approximately $7,538,204.81. The disclosure for this sale can be found here. Insiders have sold 70,749 shares of company stock worth $10,743,771 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Strategic Education from a “sell” rating to a “hold” rating and set a $182.00 price target for the company in a research note on Thursday, May 2nd. Barrington Research restated a “buy” rating and set a $180.00 price target on shares of Strategic Education in a research note on Friday, March 1st. BidaskClub upgraded Strategic Education from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. BMO Capital Markets upped their price target on Strategic Education from $131.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Finally, ValuEngine upgraded Strategic Education from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $184.00.

STRA stock traded up $0.24 on Friday, reaching $181.08. 95,868 shares of the company’s stock were exchanged, compared to its average volume of 118,599. Strategic Education Inc has a twelve month low of $102.21 and a twelve month high of $186.95. The firm has a market capitalization of $3.97 billion, a PE ratio of 38.12, a P/E/G ratio of 1.86 and a beta of 0.66.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Wednesday, May 1st. The health services provider reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.23. Strategic Education had a positive return on equity of 8.74% and a negative net margin of 1.78%. The firm had revenue of $246.50 million for the quarter, compared to analyst estimates of $240.71 million. During the same quarter in the prior year, the company posted $1.23 earnings per share. Strategic Education’s quarterly revenue was up 111.6% on a year-over-year basis. On average, equities research analysts anticipate that Strategic Education Inc will post 6.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Friday, May 24th. Strategic Education’s dividend payout ratio is presently 42.11%.

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About Strategic Education

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.

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

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