United Services Automobile Association trimmed its position in Strategic Education Inc (NASDAQ:STRA) by 30.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 9,461 shares of the health services provider’s stock after selling 4,050 shares during the period. United Services Automobile Association’s holdings in Strategic Education were worth $1,684,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of STRA. OppenheimerFunds Inc. lifted its stake in shares of Strategic Education by 27.7% in the first quarter. OppenheimerFunds Inc. now owns 246,696 shares of the health services provider’s stock worth $32,393,000 after buying an additional 53,533 shares during the last quarter. Sit Investment Associates Inc. lifted its stake in shares of Strategic Education by 8.6% in the first quarter. Sit Investment Associates Inc. now owns 22,742 shares of the health services provider’s stock worth $2,986,000 after buying an additional 1,800 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Strategic Education in the first quarter worth $24,416,000. FMR LLC lifted its stake in shares of Strategic Education by 694,279.2% in the first quarter. FMR LLC now owns 166,651 shares of the health services provider’s stock worth $21,883,000 after buying an additional 166,627 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in shares of Strategic Education by 229.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 5,934 shares of the health services provider’s stock worth $780,000 after buying an additional 4,134 shares during the last quarter. Institutional investors and hedge funds own 94.86% of the company’s stock.
STRA has been the topic of a number of research reports. ValuEngine lowered shares of Strategic Education from a “hold” rating to a “sell” rating in a research report on Monday. BidaskClub lowered shares of Strategic Education from a “sell” rating to a “strong sell” rating in a research report on Friday, September 13th. Zacks Investment Research lowered shares of Strategic Education from a “buy” rating to a “hold” rating and set a $154.00 target price on the stock. in a research report on Monday, July 8th. First Analysis reaffirmed a “strong-buy” rating and set a $216.00 target price (up previously from $210.00) on shares of Strategic Education in a research report on Friday, June 28th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $210.00 target price (up previously from $185.00) on shares of Strategic Education in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $193.50.
Shares of STRA stock opened at $135.41 on Wednesday. Strategic Education Inc has a 1 year low of $102.21 and a 1 year high of $189.79. The firm’s fifty day simple moving average is $155.79 and its 200 day simple moving average is $164.26. The firm has a market capitalization of $2.94 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 1.34 and a beta of 0.54.
Strategic Education (NASDAQ:STRA) last announced its earnings results on Wednesday, July 31st. The health services provider reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.12. Strategic Education had a net margin of 0.62% and a return on equity of 8.65%. The business had revenue of $245.10 million for the quarter, compared to analyst estimates of $240.79 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. Strategic Education’s revenue was up 113.7% compared to the same quarter last year. As a group, equities analysts anticipate that Strategic Education Inc will post 6.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Friday, August 30th. Strategic Education’s dividend payout ratio (DPR) is currently 42.11%.
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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