Strategic Education, Inc. (NASDAQ:STRA) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Strategic Education, Inc. (NASDAQ:STRA) by 3.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 324,676 shares of the health services provider’s stock after buying an additional 10,949 shares during the period. Charles Schwab Investment Management Inc. owned about 1.32% of Strategic Education worth $30,331,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Marshfield Associates lifted its position in Strategic Education by 0.5% in the 3rd quarter. Marshfield Associates now owns 1,829,622 shares of the health services provider’s stock valued at $169,332,000 after purchasing an additional 9,001 shares during the last quarter. State Street Corp lifted its position in Strategic Education by 6.1% in the 3rd quarter. State Street Corp now owns 890,133 shares of the health services provider’s stock valued at $82,382,000 after purchasing an additional 50,980 shares during the last quarter. Geode Capital Management LLC lifted its position in Strategic Education by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 561,274 shares of the health services provider’s stock valued at $51,956,000 after purchasing an additional 28,082 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in Strategic Education by 2.2% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 461,012 shares of the health services provider’s stock valued at $42,667,000 after purchasing an additional 10,084 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Strategic Education by 76.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock valued at $36,941,000 after purchasing an additional 173,225 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Strategic Education Trading Up 1.0 %

STRA stock opened at $79.90 on Monday. Strategic Education, Inc. has a 52 week low of $78.43 and a 52 week high of $123.62. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The firm’s 50-day moving average is $93.97 and its two-hundred day moving average is $93.68.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, February 27th. The health services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.10). Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. 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 predict that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Monday, March 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.00%. Strategic Education’s payout ratio is currently 51.39%.

Insider Buying and Selling

In other Strategic Education news, Director Michael A. Mcrobbie bought 600 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $81.80 per share, for a total transaction of $49,080.00. Following the acquisition, the director now directly owns 6,135 shares of the company’s stock, valued at $501,843. This trade represents a 10.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Lizette Benedi Herraiz sold 1,452 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $82.21, for a total transaction of $119,368.92. Following the completion of the sale, the general counsel now owns 61,716 shares in the company, valued at $5,073,672.36. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,332 shares of company stock worth $3,825,169 in the last ninety days. 3.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on STRA. StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. BMO Capital Markets cut their price objective on shares of Strategic Education from $114.00 to $97.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Finally, Barrington Research dropped their price target on shares of Strategic Education from $135.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th.

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.