Marshall Wace LLP Has $797,000 Stock Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Marshall Wace LLP cut its holdings in Strategic Education, Inc. (NASDAQ:STRA) by 68.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,200 shares of the health services provider’s stock after selling 15,624 shares during the quarter. Marshall Wace LLP’s holdings in Strategic Education were worth $797,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Evergreen Capital Management LLC boosted its holdings in shares of Strategic Education by 8.7% in the second quarter. Evergreen Capital Management LLC now owns 2,160 shares of the health services provider’s stock valued at $239,000 after buying an additional 172 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Strategic Education in the 2nd quarter valued at about $266,000. Public Sector Pension Investment Board lifted its holdings in shares of Strategic Education by 8.1% in the second quarter. Public Sector Pension Investment Board now owns 48,200 shares of the health services provider’s stock valued at $5,334,000 after purchasing an additional 3,608 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Strategic Education by 93.7% during the second quarter. Thrivent Financial for Lutherans now owns 36,552 shares of the health services provider’s stock worth $4,045,000 after buying an additional 17,680 shares during the period. Finally, Sei Investments Co. bought a new position in shares of Strategic Education during the second quarter worth about $584,000. 93.27% of the stock is owned by institutional investors.

Insider Buying and Selling at Strategic Education

In other news, Director Viet D. Dinh purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired 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 in the company, valued at approximately $1,913,711.80. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.

Strategic Education Price Performance

Shares of STRA opened at $88.16 on Wednesday. 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 company’s fifty day simple moving average is $94.00 and its 200 day simple moving average is $105.14. Strategic Education, Inc. has a 1-year low of $76.94 and a 1-year high of $123.62. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 1.29 and a beta of 0.56.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Wednesday, July 31st. The health services provider reported $1.33 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $308.16 million. During the same period last year, the business posted $0.82 EPS. Strategic Education’s revenue was up 8.6% on a year-over-year basis. On average, research analysts forecast that Strategic Education, Inc. will post 4.65 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, September 6th. Strategic Education’s payout ratio is 56.87%.

Analyst Upgrades and Downgrades

Several research firms have commented on STRA. Barrington Research restated an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a research note on Thursday, September 26th. BMO Capital Markets reduced their target price on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Finally, StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $132.25.

Strategic Education 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.