Intech Investment Management LLC Has $1.80 Million Stock Position in Strategic Education Inc. $STRA

Intech Investment Management LLC reduced its stake in Strategic Education Inc. (NASDAQ:STRA) by 56.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,131 shares of the health services provider’s stock after selling 27,587 shares during the quarter. Intech Investment Management LLC owned about 0.09% of Strategic Education worth $1,799,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC acquired a new position in shares of Strategic Education in the first quarter valued at approximately $473,000. Victory Capital Management Inc. lifted its holdings in Strategic Education by 21.1% during the 1st quarter. Victory Capital Management Inc. now owns 92,250 shares of the health services provider’s stock worth $7,745,000 after purchasing an additional 16,050 shares during the last quarter. Royce & Associates LP bought a new stake in Strategic Education in the 1st quarter valued at $549,000. Bastion Asset Management Inc. grew its holdings in Strategic Education by 286.9% in the 1st quarter. Bastion Asset Management Inc. now owns 45,914 shares of the health services provider’s stock valued at $3,773,000 after buying an additional 34,048 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new position in Strategic Education in the 1st quarter valued at $1,220,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Strategic Education news, CFO Daniel Wayne Jackson purchased 1,900 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were bought at an average price of $81.50 per share, for a total transaction of $154,850.00. Following the purchase, the chief financial officer owned 104,136 shares in the company, valued at approximately $8,487,084. This trade represents a 1.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director G Thomas Waite III sold 700 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $81.69, for a total value of $57,183.00. Following the transaction, the director directly owned 15,926 shares of the company’s stock, valued at $1,300,994.94. This trade represents a 4.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.30% of the company’s stock.

Strategic Education Stock Up 1.5%

Shares of Strategic Education stock opened at $78.08 on Friday. Strategic Education Inc. has a 12-month low of $72.25 and a 12-month high of $104.51. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.92 and a beta of 0.63. The firm’s 50-day moving average price is $80.77 and its two-hundred day moving average price is $82.34.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, November 6th. The health services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.33. The company had revenue of $319.95 million during the quarter, compared to the consensus estimate of $315.40 million. Strategic Education had a net margin of 9.27% and a return on equity of 7.52%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 EPS. On average, sell-side analysts expect that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, December 1st. This represents a $2.40 annualized dividend and a yield of 3.1%. Strategic Education’s dividend payout ratio is presently 49.90%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on STRA. BMO Capital Markets reissued an “outperform” rating on shares of Strategic Education in a report on Monday, September 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a research note on Wednesday, October 8th. Barrington Research reissued an “outperform” rating and issued a $105.00 price objective on shares of Strategic Education in a report on Friday, November 7th. Finally, Wall Street Zen raised shares of Strategic Education from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $99.33.

Strategic Education Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.