Jane Street Group LLC Reduces Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Jane Street Group LLC trimmed its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA) by 26.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,006 shares of the health services provider’s stock after selling 6,512 shares during the quarter. Jane Street Group LLC owned approximately 0.07% of Strategic Education worth $1,666,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new position in shares of Strategic Education in the second quarter worth about $36,000. Rothschild Investment LLC purchased a new stake in Strategic Education in the 2nd quarter worth approximately $38,000. Innealta Capital LLC bought a new stake in Strategic Education during the 2nd quarter worth approximately $38,000. Daiwa Securities Group Inc. lifted its holdings in Strategic Education by 46.3% during the second quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider’s stock valued at $44,000 after purchasing an additional 125 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Strategic Education in the third quarter worth approximately $55,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on STRA. Truist Financial decreased their price objective on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Barrington Research restated an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research report on Thursday, November 7th. Finally, StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. One equities research 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, Strategic Education currently has a consensus rating of “Moderate Buy” and an average target price of $126.00.

Strategic Education Stock Up 0.2 %

Shares of STRA stock opened at $94.01 on Friday. The stock has a market cap of $2.31 billion, a P/E ratio of 17.91, a PEG ratio of 1.38 and a beta of 0.58. Strategic Education, Inc. has a 52 week low of $85.11 and a 52 week high of $123.62. The company’s fifty day simple moving average is $94.83 and its two-hundred day simple moving average is $98.70.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business had revenue of $305.96 million for the quarter, compared to the consensus estimate of $301.62 million. During the same quarter in the previous year, the company posted $0.97 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. On average, analysts anticipate that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.60 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.40 annualized dividend and a yield of 2.55%. Strategic Education’s payout ratio 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.