Nkcfo LLC Decreases Stock Position in Strategic Education, Inc. (NASDAQ:STRA)

Nkcfo LLC reduced its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA) by 66.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,270 shares of the health services provider’s stock after selling 2,500 shares during the quarter. Nkcfo LLC’s holdings in Strategic Education were worth $141,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Strategic Education by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider’s stock worth $160,212,000 after purchasing an additional 48,462 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of Strategic Education by 2.1% in the second quarter. Burgundy Asset Management Ltd. now owns 1,209,100 shares of the health services provider’s stock valued at $133,799,000 after acquiring an additional 25,269 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Strategic Education by 7.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider’s stock valued at $40,914,000 after purchasing an additional 25,455 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 worth $25,716,000 after buying an additional 6,296 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake 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. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

STRA has been the subject of several analyst reports. StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Wednesday. BMO Capital Markets dropped their target price 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $132.25.

Strategic Education Trading Down 1.7 %

STRA stock opened at $93.23 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 1.36 and a beta of 0.56. The business has a fifty day simple moving average of $100.71 and a 200-day simple moving average of $106.17. Strategic Education, Inc. has a 52 week low of $74.43 and a 52 week high of $123.62.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Wednesday, July 31st. The health services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. The company had revenue of $312.30 million for the quarter, compared to the consensus estimate of $308.16 million. Strategic Education had a return on equity of 7.47% and a net margin of 9.84%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.82 EPS. On average, equities research analysts expect that Strategic Education, Inc. will post 4.65 EPS for the current year.

Strategic Education Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Viet D. Dinh bought 5,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $95.59 per share, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by insiders.

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.