Victory Capital Management Inc. Has $7.12 Million Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Victory Capital Management Inc. grew its holdings in Strategic Education, Inc. (NASDAQ:STRA) by 32.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,200 shares of the health services provider’s stock after purchasing an additional 18,855 shares during the period. Victory Capital Management Inc. owned about 0.31% of Strategic Education worth $7,119,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Exchange Traded Concepts LLC increased its holdings in Strategic Education by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,113 shares of the health services provider’s stock worth $758,000 after buying an additional 205 shares during the last quarter. HighTower Advisors LLC increased its holdings in Strategic Education by 9.8% during the third quarter. HighTower Advisors LLC now owns 2,448 shares of the health services provider’s stock worth $228,000 after buying an additional 218 shares during the last quarter. US Bancorp DE increased its holdings in Strategic Education by 12.8% during the third quarter. US Bancorp DE now owns 1,938 shares of the health services provider’s stock worth $179,000 after buying an additional 220 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in Strategic Education by 4.2% during the third quarter. Dynamic Technology Lab Private Ltd now owns 7,676 shares of the health services provider’s stock worth $710,000 after buying an additional 306 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in Strategic Education by 5.3% during the third quarter. Amalgamated Bank now owns 7,086 shares of the health services provider’s stock worth $656,000 after buying an additional 354 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Strategic Education Stock Performance

Strategic Education stock opened at $79.90 on Friday. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 1.22 and a beta of 0.59. Strategic Education, Inc. has a 52-week low of $78.43 and a 52-week high of $123.62. The stock’s 50 day moving average price is $93.97 and its two-hundred day moving average price is $93.72.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, February 27th. The health services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.10). Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The company had revenue of $311.46 million for the quarter, compared to the consensus estimate of $315.18 million. On average, equities research analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Monday, March 10th. Strategic Education’s dividend payout ratio (DPR) is currently 51.39%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. BMO Capital Markets decreased their price objective on shares of Strategic Education from $114.00 to $97.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Finally, Barrington Research decreased their price objective on shares of Strategic Education from $135.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th.

Insider Buying and Selling

In related news, CEO Raymond Karl Mcdonnell sold 31,855 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $3,116,374.65. Following the completion of the sale, the chief executive officer now owns 140,281 shares in the company, valued at $13,723,690.23. The trade was a 18.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael A. Mcrobbie bought 600 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $81.80 per share, with a total value of $49,080.00. Following the transaction, the director now directly owns 6,135 shares in the company, valued at $501,843. The trade was a 10.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 39,332 shares of company stock valued at $3,825,169. 3.10% of the stock is owned by insiders.

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.