Strategic Education, Inc. (NASDAQ:STRA) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in Strategic Education, Inc. (NASDAQ:STRA) by 19.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,755 shares of the health services provider’s stock after acquiring an additional 7,203 shares during the period. Thrivent Financial for Lutherans owned approximately 0.18% of Strategic Education worth $4,050,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Strategic Education by 10,374.4% during the 3rd quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider’s stock valued at $18,467,000 after purchasing an additional 197,633 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Strategic Education during the second quarter valued at about $12,231,000. Renaissance Technologies LLC raised its position in Strategic Education by 64.9% in the second quarter. Renaissance Technologies LLC now owns 251,778 shares of the health services provider’s stock worth $27,862,000 after acquiring an additional 99,100 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Strategic Education by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider’s stock valued at $160,212,000 after acquiring an additional 48,462 shares during the last quarter. Finally, Algert Global LLC boosted its position in shares of Strategic Education by 570.1% during the 2nd quarter. Algert Global LLC now owns 55,991 shares of the health services provider’s stock valued at $6,196,000 after purchasing an additional 47,635 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Stock Up 2.8 %

NASDAQ:STRA opened at $99.40 on Monday. The company’s 50 day moving average is $91.32 and its 200-day moving average is $101.56. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 1.35 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 quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.35. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business had revenue of $305.96 million for the quarter, compared to the consensus estimate of $301.62 million. During the same quarter last year, the company posted $0.97 earnings per share. Strategic Education’s quarterly revenue was up 7.0% on a year-over-year basis. Research analysts predict that Strategic Education, Inc. will post 4.76 EPS for the current fiscal year.

Strategic Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.41%. The ex-dividend date is Monday, December 2nd. Strategic Education’s dividend payout ratio is 45.71%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barrington Research restated an “outperform” rating and set a $135.00 target price on shares of Strategic Education in a report on Thursday, November 7th. BMO Capital Markets dropped their target price on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Truist Financial reduced their price target on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Strategic Education presently has an average rating of “Moderate Buy” and a consensus price target of $126.00.

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.