Allspring Global Investments Holdings LLC Boosts Stock Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Allspring Global Investments Holdings LLC grew its stake in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 1,337.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,495 shares of the health services provider's stock after purchasing an additional 7,904 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Strategic Education were worth $794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in Strategic Education in the 3rd quarter worth $37,000. R Squared Ltd purchased a new stake in shares of Strategic Education during the 4th quarter valued at approximately $42,000. Pacer Advisors Inc. acquired a new stake in shares of Strategic Education in the 4th quarter valued at $96,000. KBC Group NV increased its holdings in shares of Strategic Education by 53.3% in the 4th quarter. KBC Group NV now owns 1,044 shares of the health services provider's stock valued at $98,000 after acquiring an additional 363 shares during the last quarter. Finally, US Bancorp DE lifted its position in Strategic Education by 12.8% in the third quarter. US Bancorp DE now owns 1,938 shares of the health services provider's stock valued at $179,000 after acquiring an additional 220 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a research report on Wednesday. Barrington Research reaffirmed an "outperform" rating and issued a $135.00 target price on shares of Strategic Education in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $126.00.

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Strategic Education Price Performance

Shares of NASDAQ STRA traded down $18.14 during midday trading on Thursday, reaching $79.80. 319,728 shares of the company traded hands, compared to its average volume of 100,767. The stock has a 50-day moving average price of $96.88 and a 200 day moving average price of $94.93. Strategic Education, Inc. has a 52 week low of $79.37 and a 52 week high of $123.62. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.22 and a beta of 0.59.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.10). Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. As a group, analysts expect that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.01%. Strategic Education's dividend payout ratio (DPR) is 45.71%.

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.