WINTON GROUP Ltd Reduces Stock Position in Strategic Education, Inc. (NASDAQ:STRA)

WINTON GROUP Ltd lowered its stake in Strategic Education, Inc. (NASDAQ:STRA) by 89.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,947 shares of the health services provider’s stock after selling 25,527 shares during the quarter. WINTON GROUP Ltd’s holdings in Strategic Education were worth $326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STRA. Russell Investments Group Ltd. purchased a new stake in Strategic Education in the fourth quarter worth approximately $73,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Strategic Education by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 278,397 shares of the health services provider’s stock worth $25,716,000 after acquiring an additional 6,296 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Strategic Education during the 4th quarter worth $624,000. Norges Bank purchased a new position in shares of Strategic Education during the 4th quarter worth $13,511,000. Finally, D.A. Davidson & CO. boosted its stake in shares of Strategic Education by 18.9% during the 4th quarter. D.A. Davidson & CO. now owns 7,707 shares of the health services provider’s stock worth $712,000 after acquiring an additional 1,224 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Strategic Education Stock Down 0.4 %

Shares of STRA stock opened at $93.30 on Thursday. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.04 and a beta of 0.56. Strategic Education, Inc. has a one year low of $74.43 and a one year high of $123.62. The company’s fifty day moving average price is $101.69 and its 200-day moving average price is $106.42. 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 quarterly earnings data on Wednesday, July 31st. The health services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.19 by $0.14. The firm had revenue of $312.30 million for the quarter, compared to the consensus estimate of $308.16 million. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.82 EPS. Sell-side analysts expect that Strategic Education, Inc. will post 4.68 EPS for the current fiscal year.

Strategic Education Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently weighed in on STRA. BMO Capital Markets dropped their price target on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $132.25.

Insider Activity

In related news, Director Viet D. Dinh purchased 5,000 shares of Strategic Education stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $95.59 per share, for a total transaction of $477,950.00. Following the acquisition, the director now owns 20,020 shares in the company, valued at approximately $1,913,711.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.10% of the company’s stock.

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.