Bastion Asset Management Inc. Invests $1.18 Million in Strategic Education Inc. $STRA

Bastion Asset Management Inc. purchased a new position in shares of Strategic Education Inc. (NASDAQ:STRA) in the third quarter, HoldingsChannel.com reports. The firm purchased 13,981 shares of the health services provider’s stock, valued at approximately $1,175,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in Strategic Education by 188.6% in the second quarter. AQR Capital Management LLC now owns 245,296 shares of the health services provider’s stock valued at $20,882,000 after purchasing an additional 160,303 shares during the period. Lightrock Netherlands B.V. grew its holdings in shares of Strategic Education by 155.7% during the third quarter. Lightrock Netherlands B.V. now owns 234,719 shares of the health services provider’s stock worth $20,188,000 after buying an additional 142,915 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Strategic Education in the 2nd quarter valued at about $9,615,000. Cerity Partners LLC raised its stake in Strategic Education by 1,939.3% during the 2nd quarter. Cerity Partners LLC now owns 114,954 shares of the health services provider’s stock valued at $9,786,000 after acquiring an additional 109,317 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Strategic Education by 120.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 196,457 shares of the health services provider’s stock valued at $16,724,000 after acquiring an additional 107,171 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Stock Performance

NASDAQ:STRA opened at $75.13 on Monday. The stock has a fifty day moving average price of $81.77 and a two-hundred day moving average price of $80.74. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 0.77 and a beta of 0.55. Strategic Education Inc. has a 1 year low of $72.17 and a 1 year high of $104.51.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on STRA. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a research note on Thursday, January 22nd. Barrington Research reiterated an “outperform” rating and issued a $105.00 price objective on shares of Strategic Education in a research report on Monday, January 26th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.33.

Strategic Education Company Profile

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.