Victory Capital Management Inc. Grows Stake in Strategic Education, Inc. (NASDAQ:STRA)

Victory Capital Management Inc. grew its holdings in Strategic Education, Inc. (NASDAQ:STRA) by 51.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 57,345 shares of the health services provider’s stock after buying an additional 19,483 shares during the quarter. Victory Capital Management Inc. owned approximately 0.23% of Strategic Education worth $5,307,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of STRA. International Assets Investment Management LLC lifted its holdings in Strategic Education by 10,374.4% in the 3rd quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider’s stock worth $18,467,000 after buying an additional 197,633 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Strategic Education in the 2nd quarter worth approximately $12,231,000. Renaissance Technologies LLC raised its position in shares of Strategic Education by 64.9% in the 2nd quarter. Renaissance Technologies LLC now owns 251,778 shares of the health services provider’s stock worth $27,862,000 after acquiring an additional 99,100 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Strategic Education by 3.5% in 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 acquiring an additional 48,462 shares in the last quarter. Finally, Algert Global LLC raised its position in shares of Strategic Education by 570.1% in the 2nd quarter. Algert Global LLC now owns 55,991 shares of the health services provider’s stock worth $6,196,000 after acquiring an additional 47,635 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on STRA shares. Truist Financial decreased their target price on Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Barrington Research reissued an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a research report on Thursday, November 7th. BMO Capital Markets decreased their target price 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. Finally, StockNews.com lowered Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $126.00.

Strategic Education Stock Up 2.8 %

STRA stock opened at $99.40 on Friday. Strategic Education, Inc. has a twelve month low of $85.11 and a twelve month high of $123.62. The firm has a market cap of $2.44 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.33 and a beta of 0.57. The business has a 50 day moving average of $91.32 and a 200 day moving average of $101.84.

Strategic Education (NASDAQ:STRA) last posted its earnings results on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. The business had revenue of $305.96 million during the quarter, compared to analyst estimates of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. On average, research analysts expect that Strategic Education, Inc. will post 4.76 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be paid a $0.60 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.41%. Strategic Education’s dividend payout ratio (DPR) is currently 45.71%.

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.