Exchange Traded Concepts LLC Has $732,000 Position in Strategic Education, Inc. (NASDAQ:STRA)

Exchange Traded Concepts LLC grew its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 28.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 7,908 shares of the health services provider’s stock after buying an additional 1,733 shares during the period. Exchange Traded Concepts LLC’s holdings in Strategic Education were worth $732,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in STRA. Goldman Sachs Group Inc. raised its position in shares of Strategic Education by 103.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider’s stock valued at $23,406,000 after buying an additional 128,961 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Strategic Education during the second quarter valued at about $12,231,000. Renaissance Technologies LLC increased its stake in Strategic Education by 64.9% in the second quarter. Renaissance Technologies LLC now owns 251,778 shares of the health services provider’s stock valued at $27,862,000 after acquiring an additional 99,100 shares during the period. Dimensional Fund Advisors LP increased its stake in Strategic Education by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider’s stock valued at $160,212,000 after acquiring an additional 48,462 shares during the period. Finally, Algert Global LLC increased its stake in Strategic Education by 570.1% in the second quarter. Algert Global LLC now owns 55,991 shares of the health services provider’s stock valued at $6,196,000 after acquiring an additional 47,635 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Trading Down 0.8 %

Shares of NASDAQ STRA opened at $88.14 on Friday. The company’s 50 day simple moving average is $92.79 and its 200 day simple moving average is $104.25. Strategic Education, Inc. has a fifty-two week low of $76.94 and a fifty-two week high of $123.62. The firm has a market capitalization of $2.17 billion, a P/E ratio of 20.89, a P/E/G ratio of 1.27 and a beta of 0.56. 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 earnings per share 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 for the quarter, compared to analyst estimates of $308.16 million. During the same period in the prior year, the business posted $0.82 earnings per share. Strategic Education’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Strategic Education, Inc. will post 4.65 EPS for the current year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders 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 2.72%. Strategic Education’s dividend payout ratio (DPR) is presently 56.87%.

Insiders Place Their Bets

In other news, Director Viet D. Dinh bought 5,000 shares of the business’s 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 completion of 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 available at this hyperlink. Company insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on STRA shares. Truist Financial lowered their target price on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday. Barrington Research reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Strategic Education in a research note on Thursday, September 26th. BMO Capital Markets decreased their price objective 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. Finally, StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Strategic Education presently has a consensus rating of “Moderate Buy” and an average target price of $126.00.

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.