Texas Permanent School Fund Corp Sells 1,407 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Texas Permanent School Fund Corp reduced its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 7.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 17,632 shares of the health services provider’s stock after selling 1,407 shares during the quarter. Texas Permanent School Fund Corp owned about 0.07% of Strategic Education worth $1,951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Quest Partners LLC lifted its position in Strategic Education by 59,290.0% during the second quarter. Quest Partners LLC now owns 5,939 shares of the health services provider’s stock valued at $657,000 after purchasing an additional 5,929 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Strategic Education by 1,188.8% during the 2nd quarter. Acadian Asset Management LLC now owns 3,583 shares of the health services provider’s stock valued at $394,000 after buying an additional 3,305 shares in the last quarter. Wakefield Asset Management LLLP bought a new position in shares of Strategic Education in the 2nd quarter valued at about $871,000. Arizona State Retirement System grew its position in Strategic Education by 2.6% in the second quarter. Arizona State Retirement System now owns 6,199 shares of the health services provider’s stock worth $686,000 after acquiring an additional 160 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC bought a new stake in Strategic Education during the second quarter worth approximately $1,000,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Viet D. Dinh purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $95.59 per share, for a total transaction of $477,950.00. Following the completion of the acquisition, the director now owns 20,020 shares of the company’s stock, valued at $1,913,711.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.

Strategic Education Trading Down 0.8 %

Shares of NASDAQ STRA opened at $93.70 on Wednesday. Strategic Education, Inc. has a fifty-two week low of $74.43 and a fifty-two week high of $123.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 1.04 and a beta of 0.56. The business’s 50 day moving average price is $101.96 and its 200-day moving average price is $106.53.

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

Strategic Education Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were paid a $0.60 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a yield of 2.56%. Strategic Education’s dividend payout ratio is currently 56.87%.

Wall Street Analysts Forecast Growth

STRA has been the subject of several analyst reports. BMO Capital Markets lowered their price objective on Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.25.

Strategic Education Company 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.