CIBC Asset Management Inc Takes Position in Strategic Education, Inc. (NASDAQ:STRA)

CIBC Asset Management Inc purchased a new stake in shares of Strategic Education, Inc. (NASDAQ:STRA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,372 shares of the health services provider’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Strategic Education during the 3rd quarter valued at about $37,000. R Squared Ltd bought a new position in Strategic Education in the 4th quarter valued at $42,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Strategic Education in the 3rd quarter worth $55,000. Pacer Advisors Inc. purchased a new stake in shares of Strategic Education during the 4th quarter worth $96,000. Finally, KBC Group NV raised its stake in Strategic Education by 53.3% in the fourth quarter. KBC Group NV now owns 1,044 shares of the health services provider’s stock valued at $98,000 after buying an additional 363 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Strategic Education has a consensus rating of “Moderate Buy” and an average target price of $126.00.

Strategic Education Stock Down 1.0 %

STRA opened at $97.40 on Wednesday. The firm’s fifty day simple moving average is $96.83 and its two-hundred day simple moving average is $94.91. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.22 and a beta of 0.59. Strategic Education, Inc. has a 52-week low of $85.11 and a 52-week high of $123.62.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Monday, December 2nd. Strategic Education’s payout ratio is currently 45.71%.

About Strategic Education

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.