Canada Pension Plan Investment Board Has $1.07 Million Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Canada Pension Plan Investment Board decreased its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 30.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,700 shares of the health services provider’s stock after selling 4,200 shares during the period. Canada Pension Plan Investment Board’s holdings in Strategic Education were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. State Board of Administration of Florida Retirement System grew its position in Strategic Education by 83.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,817 shares of the health services provider’s stock worth $1,230,000 after acquiring an additional 5,358 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in Strategic Education in the second quarter worth $1,357,000. Quadrature Capital Ltd bought a new stake in shares of Strategic Education during the first quarter worth $738,000. Goldman Sachs Group Inc. increased its stake in shares of Strategic Education by 103.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider’s stock valued at $23,406,000 after buying an additional 128,961 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Strategic Education by 7.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider’s stock worth $40,914,000 after buying an additional 25,455 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

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

Strategic Education Stock Performance

Shares of Strategic Education stock opened at $92.72 on Friday. The firm has a fifty day moving average of $98.16 and a two-hundred day moving average of $105.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.32 and a beta of 0.56. Strategic Education, Inc. has a 52 week low of $74.43 and a 52 week high of $123.62.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Wednesday, July 31st. The health services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. Strategic Education had a return on equity of 7.47% and a net margin of 9.84%. The business had revenue of $312.30 million during the quarter, compared to the consensus estimate of $308.16 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts predict that Strategic Education, Inc. will post 4.65 EPS for the current year.

Strategic Education Dividend Announcement

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

Insider Activity at Strategic Education

In other news, Director Viet D. Dinh bought 5,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $95.59 per share, for a total transaction of $477,950.00. Following the completion of the acquisition, the director now owns 20,020 shares in the company, valued at approximately $1,913,711.80. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

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.