Algert Global LLC Has $6.20 Million Stock Position in Strategic Education, Inc. (NASDAQ:STRA)

Algert Global LLC increased its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 570.1% during the second quarter, HoldingsChannel reports. The fund owned 55,991 shares of the health services provider’s stock after acquiring an additional 47,635 shares during the quarter. Algert Global LLC’s holdings in Strategic Education were worth $6,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Strategic Education during the 2nd quarter worth about $36,000. Meeder Asset Management Inc. bought a new position in Strategic Education during the second quarter valued at about $36,000. CWM LLC raised its holdings in Strategic Education by 2,650.0% in the 2nd quarter. CWM LLC now owns 330 shares of the health services provider’s stock valued at $37,000 after acquiring an additional 318 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Strategic Education in the 2nd quarter worth approximately $38,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Strategic Education during the 2nd quarter worth approximately $38,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Strategic Education

In other Strategic Education news, Director Viet D. Dinh purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $95.59 per share, for a total transaction of $477,950.00. Following the transaction, the director now directly owns 20,020 shares in the company, valued at $1,913,711.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

Strategic Education Stock Performance

Shares of NASDAQ:STRA opened at $92.72 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.57 and a quick ratio of 1.57. The business’s fifty day moving average price is $98.16 and its two-hundred day moving average price is $105.76. Strategic Education, Inc. has a fifty-two week low of $74.43 and a fifty-two week high of $123.62. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 1.32 and a beta of 0.56.

Strategic Education (NASDAQ:STRA) last posted 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. The business had revenue of $312.30 million for the quarter, compared to analyst estimates of $308.16 million. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 EPS. As a group, analysts predict that Strategic Education, Inc. will post 4.65 EPS for the current fiscal year.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, September 6th. This represents a $2.40 annualized dividend and a yield of 2.59%. Strategic Education’s dividend payout ratio is 56.87%.

Analysts Set New Price Targets

Several brokerages recently commented on STRA. Barrington Research reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a research report on Thursday. BMO Capital Markets reduced their price objective on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Finally, StockNews.com raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Friday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Strategic Education has a consensus rating of “Buy” and an average target price of $132.25.

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.