1,148 Shares in Strategic Education, Inc. (NASDAQ:STRA) Bought by Headlands Technologies LLC

Headlands Technologies LLC bought a new stake in shares of Strategic Education, Inc. (NASDAQ:STRA) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,148 shares of the health services provider’s stock, valued at approximately $127,000.

Other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Strategic Education during the second quarter valued at about $36,000. CWM LLC raised its holdings in Strategic Education by 2,650.0% in the 2nd quarter. CWM LLC now owns 330 shares of the health services provider’s stock valued at $37,000 after acquiring an additional 318 shares in the last quarter. Rothschild Investment LLC acquired a new position in Strategic Education in the 2nd quarter valued at approximately $38,000. Innealta Capital LLC bought a new stake in shares of Strategic Education in the 2nd quarter worth approximately $38,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Strategic Education by 46.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider’s stock worth $44,000 after purchasing an additional 125 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Strategic Education news, Director Viet D. Dinh acquired 5,000 shares of Strategic Education stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $95.59 per share, with a total value of $477,950.00. Following the completion of the purchase, the director now owns 20,020 shares in the company, valued at $1,913,711.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on STRA. BMO Capital Markets reduced their target price on Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Strategic Education currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.25.

Strategic Education Stock Performance

Strategic Education stock opened at $94.13 on Monday. The firm has a market capitalization of $2.32 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.04 and a beta of 0.56. The stock has a fifty day moving average price of $102.26 and a two-hundred day moving average price of $106.64. Strategic Education, Inc. has a 52-week low of $74.43 and a 52-week high of $123.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.57 and a quick ratio of 1.57.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Wednesday, July 31st. The health services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. The business had revenue of $312.30 million during the quarter, compared to analysts’ expectations of $308.16 million. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. As a group, analysts anticipate that Strategic Education, Inc. will post 4.68 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, September 6th. Strategic Education’s payout ratio is currently 56.87%.

About Strategic Education

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.