Burgundy Asset Management Ltd. Buys 25,269 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Burgundy Asset Management Ltd. increased its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,209,100 shares of the health services provider’s stock after purchasing an additional 25,269 shares during the quarter. Burgundy Asset Management Ltd. owned 4.91% of Strategic Education worth $133,799,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its holdings in shares of Strategic Education by 83.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,817 shares of the health services provider’s stock worth $1,230,000 after acquiring an additional 5,358 shares during the period. Wedge Capital Management L L P NC bought a new stake in Strategic Education during the second quarter worth $1,357,000. Quadrature Capital Ltd acquired a new stake in shares of Strategic Education in the 1st quarter valued at $738,000. Goldman Sachs Group Inc. boosted its holdings in shares of Strategic Education by 103.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider’s stock valued at $23,406,000 after purchasing an additional 128,961 shares in the last quarter. Finally, Beck Bode LLC bought a new position in shares of Strategic Education in the 2nd quarter valued at $1,028,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Strategic Education

In related news, Director Viet D. Dinh bought 5,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $95.59 per share, with a total value of $477,950.00. Following the acquisition, the director now owns 20,020 shares of the company’s stock, valued at $1,913,711.80. The purchase was disclosed in a filing with the SEC, which is available through this link. 3.10% of the stock is currently owned by company insiders.

Strategic Education Stock Performance

Shares of STRA stock opened at $93.30 on Thursday. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.36 and a beta of 0.56. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $101.69 and its 200-day moving average price is $106.42. Strategic Education, Inc. has a 12 month low of $74.43 and a 12 month high of $123.62.

Strategic Education (NASDAQ:STRA) last posted its earnings results on Wednesday, July 31st. The health services provider reported $1.33 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $308.16 million. During the same period last year, the company earned $0.82 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Strategic Education, Inc. will post 4.65 EPS for the current year.

Strategic Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.40 annualized dividend and a dividend yield of 2.57%. Strategic Education’s dividend payout ratio is 56.87%.

Analyst Upgrades and Downgrades

STRA has been the subject of several recent analyst reports. BMO Capital Markets dropped their price objective 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 upgraded shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Wednesday. Five analysts have rated the stock with a buy rating, According to MarketBeat, Strategic Education presently has a consensus rating of “Buy” and a consensus price target 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.