Intech Investment Management LLC Makes New Investment in Strategic Education, Inc. (NASDAQ:STRA)

Intech Investment Management LLC purchased a new stake in Strategic Education, Inc. (NASDAQ:STRA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,583 shares of the health services provider’s stock, valued at approximately $702,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Strategic Education in the second quarter valued at approximately $36,000. Meeder Asset Management Inc. acquired a new position in shares of Strategic Education in the 2nd quarter valued at $36,000. CWM LLC grew its stake in shares of Strategic Education by 2,650.0% during the 2nd quarter. CWM LLC now owns 330 shares of the health services provider’s stock valued at $37,000 after buying an additional 318 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Strategic Education during the 2nd quarter valued at $38,000. Finally, Innealta Capital LLC acquired a new stake in shares of Strategic Education during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on STRA. Truist Financial reduced their target price on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Barrington Research reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research note on Thursday, November 7th. Finally, StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $126.00.

Strategic Education Price Performance

NASDAQ:STRA opened at $98.81 on Friday. The business’s 50-day moving average is $91.74 and its two-hundred day moving average is $101.23. The firm has a market capitalization of $2.43 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 1.39 and a beta of 0.57. Strategic Education, Inc. has a 12 month low of $85.11 and a 12 month high of $123.62.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $0.81 by $0.35. The business had revenue of $305.96 million for the quarter, compared to the consensus estimate of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. Equities analysts anticipate that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.43%. Strategic Education’s payout ratio is currently 45.71%.

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.