Crossmark Global Holdings Inc. lifted its stake in shares of Strategic Education Inc (NASDAQ:STRA) by 2.4% in the 1st quarter, HoldingsChannel reports. The fund owned 3,011 shares of the health services provider’s stock after acquiring an additional 70 shares during the period. Crossmark Global Holdings Inc.’s holdings in Strategic Education were worth $395,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in STRA. Enlightenment Research LLC bought a new stake in Strategic Education during the 4th quarter valued at approximately $34,000. Quantamental Technologies LLC bought a new stake in shares of Strategic Education in the 1st quarter worth approximately $42,000. LS Investment Advisors LLC lifted its position in shares of Strategic Education by 63.3% in the 4th quarter. LS Investment Advisors LLC now owns 1,055 shares of the health services provider’s stock worth $120,000 after acquiring an additional 409 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Strategic Education by 12.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,397 shares of the health services provider’s stock worth $158,000 after acquiring an additional 153 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Strategic Education by 18.2% in the 4th quarter. Bank of Montreal Can now owns 1,401 shares of the health services provider’s stock worth $159,000 after acquiring an additional 216 shares during the period. Institutional investors own 99.94% of the company’s stock.
In other news, insider Thomas J. Aprahamian sold 2,650 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $138.24, for a total value of $366,336.00. Following the completion of the transaction, the insider now directly owns 11,877 shares of the company’s stock, valued at approximately $1,641,876.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider J Kevin Gilligan sold 7,500 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $131.30, for a total value of $984,750.00. Following the completion of the transaction, the insider now directly owns 67,252 shares of the company’s stock, valued at $8,830,187.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,363 shares of company stock valued at $10,463,325. 3.60% of the stock is currently owned by insiders.
Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Wednesday, May 1st. The health services provider reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.23. Strategic Education had a positive return on equity of 8.74% and a negative net margin of 1.78%. The company had revenue of $246.50 million during the quarter, compared to the consensus estimate of $240.71 million. During the same quarter last year, the company earned $1.23 EPS. The company’s quarterly revenue was up 111.6% on a year-over-year basis. On average, sell-side analysts expect that Strategic Education Inc will post 6.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.15%. Strategic Education’s payout ratio is presently 42.11%.
A number of brokerages have commented on STRA. BidaskClub upgraded Strategic Education from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Investment Research upgraded Strategic Education from a “sell” rating to a “hold” rating and set a $182.00 price objective for the company in a research report on Thursday, May 2nd. Barrington Research reiterated an “outperform” rating and issued a $185.00 price objective (up previously from $175.00) on shares of Strategic Education in a research report on Wednesday, May 1st. BMO Capital Markets raised their price objective on Strategic Education from $131.00 to $162.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Finally, ValuEngine upgraded Strategic Education from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $176.00.
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Strategic Education Company Profile
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.
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