International Assets Investment Management LLC Lowers Position in Strategic Education, Inc. (NASDAQ:STRA)

International Assets Investment Management LLC lowered its holdings in Strategic Education, Inc. (NASDAQ:STRA) by 98.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,379 shares of the health services provider’s stock after selling 197,159 shares during the period. International Assets Investment Management LLC’s holdings in Strategic Education were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of STRA. Meeder Asset Management Inc. bought a new position in shares of Strategic Education during the 2nd quarter valued at about $36,000. Daiwa Securities Group Inc. increased its position in shares of Strategic Education by 46.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider’s stock valued at $44,000 after purchasing an additional 125 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Strategic Education during the 3rd quarter valued at about $37,000. Allspring Global Investments Holdings LLC bought a new position in shares of Strategic Education during the 3rd quarter valued at about $55,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Strategic Education during the 2nd quarter valued at about $107,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Truist Financial reduced their price objective 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. Barrington Research restated an “outperform” rating and set a $135.00 price target on shares of Strategic Education in a research report on Thursday, November 7th. Finally, StockNews.com lowered Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.00.

Strategic Education Price Performance

STRA opened at $93.77 on Tuesday. The stock’s 50 day simple moving average is $96.23 and its 200 day simple moving average is $97.15. Strategic Education, Inc. has a 1 year low of $85.11 and a 1 year high of $123.62. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 1.38 and a beta of 0.58.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. The firm had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. As a group, sell-side analysts anticipate that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.56%. Strategic Education’s dividend payout ratio is currently 45.71%.

Strategic Education Company Profile

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.