Point72 DIFC Ltd Takes Position in Strategic Education, Inc. (NASDAQ:STRA)

Point72 DIFC Ltd bought a new position in Strategic Education, Inc. (NASDAQ:STRA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,062 shares of the health services provider’s stock, valued at approximately $450,000.

Other large investors have also added to or reduced their stakes in the company. Evergreen Capital Management LLC grew its stake in shares of Strategic Education by 8.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,160 shares of the health services provider’s stock valued at $239,000 after purchasing an additional 172 shares during the period. Magnetar Financial LLC purchased a new position in shares of Strategic Education in the second quarter worth approximately $266,000. Public Sector Pension Investment Board grew its position in Strategic Education by 8.1% during the second quarter. Public Sector Pension Investment Board now owns 48,200 shares of the health services provider’s stock valued at $5,334,000 after buying an additional 3,608 shares during the period. Thrivent Financial for Lutherans increased its holdings in Strategic Education by 93.7% during the second quarter. Thrivent Financial for Lutherans now owns 36,552 shares of the health services provider’s stock valued at $4,045,000 after buying an additional 17,680 shares during the last quarter. Finally, Sei Investments Co. bought a new position in Strategic Education in the second quarter worth approximately $584,000. Institutional investors own 93.27% of the company’s stock.

Insider Transactions at Strategic Education

In related news, Director Viet D. Dinh bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $95.59 per share, with a total value of $477,950.00. Following the completion of the purchase, the director now owns 20,020 shares of the company’s stock, valued at approximately $1,913,711.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barrington Research reissued an “outperform” rating and set a $135.00 price objective on shares of Strategic Education in a research report on Thursday. StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a report on Friday. Finally, BMO Capital Markets decreased their price objective on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $132.25.

Strategic Education Stock Down 0.2 %

STRA opened at $91.37 on Friday. Strategic Education, Inc. has a fifty-two week low of $74.43 and a fifty-two week high of $123.62. 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 cap of $2.25 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 1.33 and a beta of 0.56. The firm’s fifty day moving average is $98.67 and its 200 day moving average is $105.79.

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

Strategic Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Friday, September 6th. Strategic Education’s payout ratio is currently 56.87%.

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.