The Manufacturers Life Insurance Company cut its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 0.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,328 shares of the health services provider’s stock after selling 177 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Strategic Education were worth $3,067,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Captrust Financial Advisors raised its holdings in shares of Strategic Education by 115.3% in the first quarter. Captrust Financial Advisors now owns 928 shares of the health services provider’s stock valued at $85,000 after buying an additional 497 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Strategic Education by 18.8% in the second quarter. Teacher Retirement System of Texas now owns 3,021 shares of the health services provider’s stock valued at $230,000 after buying an additional 477 shares during the last quarter. Xponance Inc. raised its holdings in shares of Strategic Education by 43.8% in the second quarter. Xponance Inc. now owns 3,860 shares of the health services provider’s stock valued at $294,000 after buying an additional 1,176 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Strategic Education in the second quarter valued at about $327,000. Finally, Handelsbanken Fonder AB raised its holdings in shares of Strategic Education by 19.1% in the second quarter. Handelsbanken Fonder AB now owns 4,360 shares of the health services provider’s stock valued at $332,000 after buying an additional 700 shares during the last quarter. 92.79% of the stock is owned by institutional investors.
A number of research firms recently issued reports on STRA. Zacks Investment Research raised Strategic Education from a “strong sell” rating to a “hold” rating and set a $76.00 price target for the company in a report on Tuesday, September 28th. BMO Capital Markets dropped their price objective on Strategic Education from $98.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, July 29th. Finally, Barrington Research reissued a “buy” rating and set a $90.00 price objective on shares of Strategic Education in a report on Thursday, July 29th.
Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Wednesday, July 28th. The health services provider reported $1.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.01). The firm had revenue of $299.17 million for the quarter, compared to the consensus estimate of $299.08 million. Strategic Education had a return on equity of 7.82% and a net margin of 4.24%. As a group, equities analysts predict that Strategic Education, Inc. will post 5.2 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 13th. Stockholders of record on Friday, September 3rd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 2nd. This represents a $2.40 annualized dividend and a dividend yield of 3.48%. Strategic Education’s payout ratio is currently 35.93%.
Strategic Education Profile
Strategic Education, Inc engages in the provision of educational services. It operates through the following segments: Strayer University, Capella University, and Non-Degree Programs. The Strayer University segment includes programs offered through the Jack Welch Management Institute. The company was founded in 1892 and is headquartered in Herndon, VA.
Further Reading: Market Perform
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