Victory Capital Management Inc. Sells 51,383 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Victory Capital Management Inc. cut its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 57.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,862 shares of the health services provider’s stock after selling 51,383 shares during the period. Victory Capital Management Inc. owned 0.15% of Strategic Education worth $4,190,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Strategic Education by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,334,695 shares of the health services provider’s stock valued at $123,287,000 after buying an additional 65,507 shares during the period. Burgundy Asset Management Ltd. increased its position in shares of Strategic Education by 4.0% during the first quarter. Burgundy Asset Management Ltd. now owns 1,183,831 shares of the health services provider’s stock valued at $123,260,000 after buying an additional 45,870 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Strategic Education by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 278,397 shares of the health services provider’s stock valued at $25,716,000 after buying an additional 6,296 shares during the period. Bank of New York Mellon Corp increased its position in shares of Strategic Education by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 269,867 shares of the health services provider’s stock valued at $29,864,000 after buying an additional 8,432 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Strategic Education by 103.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider’s stock valued at $23,406,000 after buying an additional 128,961 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Strategic Education

In related news, Director Viet D. Dinh acquired 5,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was purchased 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 approximately $1,913,711.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.10% of the company’s stock.

Strategic Education Stock Up 0.4 %

Shares of NASDAQ STRA opened at $94.46 on Tuesday. Strategic Education, Inc. has a one year low of $74.43 and a one year 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. The firm’s 50 day simple moving average is $101.96 and its two-hundred day simple moving average is $106.53. The stock has a market capitalization of $2.33 billion, a P/E ratio of 22.38, a PEG ratio of 1.04 and a beta of 0.56.

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

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was 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.