Charles Schwab Investment Management Inc. Acquires 20,389 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Charles Schwab Investment Management Inc. boosted its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 313,727 shares of the health services provider’s stock after buying an additional 20,389 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.27% of Strategic Education worth $29,035,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of STRA. CWM LLC lifted its holdings in Strategic Education by 2,650.0% during the 2nd quarter. CWM LLC now owns 330 shares of the health services provider’s stock worth $37,000 after buying an additional 318 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in Strategic Education during the 2nd quarter worth $1,357,000. Louisiana State Employees Retirement System lifted its stake in shares of Strategic Education by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the health services provider’s stock valued at $1,217,000 after purchasing an additional 200 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Strategic Education by 3.2% in the 2nd 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 purchasing an additional 8,432 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Strategic Education by 11.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,238 shares of the health services provider’s stock valued at $580,000 after purchasing an additional 527 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Ratings Changes

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

Strategic Education Trading Up 0.4 %

Shares of Strategic Education stock opened at $99.95 on Thursday. The company has a market capitalization of $2.46 billion, a PE ratio of 19.04, a PEG ratio of 1.38 and a beta of 0.59. Strategic Education, Inc. has a 12 month low of $85.11 and a 12 month high of $123.62. The stock’s fifty day simple moving average is $92.14 and its 200 day simple moving average is $100.53.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, topping 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 firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Analysts predict that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.40%. The ex-dividend date is Monday, December 2nd. Strategic Education’s payout ratio is presently 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.