Strategic Education, Inc. (NASDAQ:STRA) Holdings Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,447,810 shares of the health services provider’s stock after purchasing an additional 48,462 shares during the period. Dimensional Fund Advisors LP owned about 5.88% of Strategic Education worth $160,212,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of STRA. Russell Investments Group Ltd. purchased a new stake in shares of Strategic Education during the fourth quarter valued at $73,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Strategic Education by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 278,397 shares of the health services provider’s stock valued at $25,716,000 after purchasing an additional 6,296 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Strategic Education during the fourth quarter valued at $624,000. Norges Bank purchased a new stake in shares of Strategic Education during the fourth quarter valued at $13,511,000. Finally, D.A. Davidson & CO. lifted its holdings in shares of Strategic Education by 18.9% during the fourth quarter. D.A. Davidson & CO. now owns 7,707 shares of the health services provider’s stock valued at $712,000 after purchasing an additional 1,224 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Stock Performance

Shares of STRA stock opened at $93.23 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.57 and a quick ratio of 1.57. Strategic Education, Inc. has a fifty-two week low of $74.43 and a fifty-two week high of $123.62. The stock’s 50-day moving average is $101.07 and its two-hundred day moving average is $106.25. The firm has a market cap of $2.30 billion, a P/E ratio of 22.22, a PEG ratio of 1.36 and a beta of 0.56.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Wednesday, July 31st. The health services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.14. Strategic Education had a return on equity of 7.47% and a net margin of 9.84%. The company had revenue of $312.30 million for the quarter, compared to analyst estimates of $308.16 million. During the same period in the prior year, the firm posted $0.82 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. Analysts predict that Strategic Education, Inc. will post 4.65 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.57%. The ex-dividend date was Friday, September 6th. Strategic Education’s payout ratio is currently 56.87%.

Insiders Place Their Bets

In other news, Director Viet D. Dinh bought 5,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $95.59 per share, with a total value of $477,950.00. Following the transaction, the director now directly owns 20,020 shares in the company, valued at approximately $1,913,711.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a research note on Wednesday. BMO Capital Markets reduced their price objective on Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Strategic Education presently has a consensus rating of “Buy” and a consensus price target of $132.25.

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.