HighTower Advisors LLC Has $228,000 Stock Position in Strategic Education, Inc. (NASDAQ:STRA)

HighTower Advisors LLC raised its position in Strategic Education, Inc. (NASDAQ:STRA) by 9.8% in the third quarter, HoldingsChannel reports. The fund owned 2,448 shares of the health services provider’s stock after purchasing an additional 218 shares during the quarter. HighTower Advisors LLC’s holdings in Strategic Education were worth $228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in Strategic Education by 10,374.4% in 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 acquiring an additional 197,633 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Strategic Education in the second quarter worth approximately $12,231,000. Renaissance Technologies LLC lifted its holdings in shares of Strategic Education by 64.9% in the second quarter. Renaissance Technologies LLC now owns 251,778 shares of the health services provider’s stock valued at $27,862,000 after purchasing an additional 99,100 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Strategic Education by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider’s stock valued at $160,212,000 after buying an additional 48,462 shares during the last quarter. Finally, Algert Global LLC grew its holdings in Strategic Education by 570.1% during the second quarter. Algert Global LLC now owns 55,991 shares of the health services provider’s stock worth $6,196,000 after buying an additional 47,635 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on STRA shares. StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Barrington Research reissued an “outperform” rating and set a $135.00 price target on shares of Strategic Education in a research report on Thursday, November 7th. Finally, Truist Financial reduced their price objective 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.

Strategic Education Price Performance

NASDAQ:STRA opened at $93.81 on Wednesday. The company has a market capitalization of $2.30 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.38 and a beta of 0.58. The business has a fifty day simple moving average of $94.62 and a two-hundred day simple moving average of $98.76. Strategic Education, Inc. has a 1 year low of $85.11 and a 1 year 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, beating analysts’ consensus estimates of $0.81 by $0.35. The business had revenue of $305.96 million for the quarter, compared to analysts’ expectations of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. As a group, analysts anticipate that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Monday, December 2nd. Strategic Education’s dividend payout ratio (DPR) is presently 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.