JPMorgan Chase & Co. Boosts Holdings in Strategic Education, Inc. (NASDAQ:STRA)

JPMorgan Chase & Co. lifted its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 76.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 399,144 shares of the health services provider’s stock after buying an additional 173,225 shares during the quarter. JPMorgan Chase & Co.’s holdings in Strategic Education were worth $36,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its position in Strategic Education by 46.3% during the second quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider’s stock valued at $44,000 after buying an additional 125 shares during the period. Arizona State Retirement System lifted its position in Strategic Education by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 6,199 shares of the health services provider’s stock valued at $686,000 after acquiring an additional 160 shares during the period. Evergreen Capital Management LLC boosted its stake in Strategic Education by 8.7% during the second quarter. Evergreen Capital Management LLC now owns 2,160 shares of the health services provider’s stock worth $239,000 after acquiring an additional 172 shares in the last quarter. HighTower Advisors LLC grew its holdings in Strategic Education by 9.8% in the third quarter. HighTower Advisors LLC now owns 2,448 shares of the health services provider’s stock worth $228,000 after purchasing an additional 218 shares during the period. Finally, US Bancorp DE increased its stake in shares of Strategic Education by 12.8% during the third quarter. US Bancorp DE now owns 1,938 shares of the health services provider’s stock valued at $179,000 after purchasing an additional 220 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Strategic Education Trading Down 0.6 %

NASDAQ STRA opened at $91.96 on Tuesday. Strategic Education, Inc. has a 12 month low of $85.11 and a 12 month high of $123.62. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.38 and a beta of 0.58. The company’s 50 day moving average is $95.69 and its two-hundred day moving average is $97.72.

Strategic Education (NASDAQ:STRA) last released its earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.35. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The company had revenue of $305.96 million for the quarter, compared to analysts’ expectations of $301.62 million. During the same quarter in the previous year, the company earned $0.97 EPS. Strategic Education’s revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.61%. The ex-dividend date was Monday, December 2nd. Strategic Education’s dividend payout ratio (DPR) is presently 45.71%.

Analysts Set New Price Targets

A number of brokerages have recently commented on STRA. Truist Financial dropped their price target on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, Barrington Research reiterated an “outperform” rating and set a $135.00 price objective on shares of Strategic Education in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.00.

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.