Exchange Traded Concepts LLC Grows Stake in Strategic Education, Inc. (NASDAQ:STRA)

Exchange Traded Concepts LLC raised its stake in Strategic Education, Inc. (NASDAQ:STRA) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,113 shares of the health services provider’s stock after acquiring an additional 205 shares during the period. Exchange Traded Concepts LLC’s holdings in Strategic Education were worth $758,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of STRA. HighTower Advisors LLC lifted its holdings in shares of Strategic Education by 9.8% during the third quarter. HighTower Advisors LLC now owns 2,448 shares of the health services provider’s stock valued at $228,000 after purchasing an additional 218 shares in the last quarter. US Bancorp DE lifted its holdings 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. Guidance Capital Inc. lifted its holdings in shares of Strategic Education by 5.8% during the third quarter. Guidance Capital Inc. now owns 5,206 shares of the health services provider’s stock valued at $459,000 after purchasing an additional 285 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Strategic Education by 4.2% during the third quarter. Dynamic Technology Lab Private Ltd now owns 7,676 shares of the health services provider’s stock valued at $710,000 after purchasing an additional 306 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Strategic Education by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 12,193 shares of the health services provider’s stock valued at $1,349,000 after purchasing an additional 342 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Stock Down 0.2 %

Shares of STRA opened at $97.53 on Thursday. The business has a 50-day simple moving average of $96.37 and a two-hundred day simple moving average of $96.18. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.15 and a beta of 0.58. Strategic Education, Inc. has a 52 week low of $85.11 and a 52 week high of $123.62.

Strategic Education (NASDAQ:STRA) last released its earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm had revenue of $305.96 million during the quarter, compared to analysts’ expectations of $301.62 million. During the same quarter last year, the business posted $0.97 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal 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 given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Monday, December 2nd. Strategic Education’s dividend payout ratio is currently 45.71%.

Wall Street Analysts Forecast Growth

STRA has been the topic of a number of research analyst reports. StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Truist Financial lowered their target price on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, Barrington Research reissued an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.00.

Strategic Education 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.