Strategic Education, Inc. (NASDAQ:STRA) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its stake in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 207.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,141 shares of the health services provider's stock after purchasing an additional 118,151 shares during the period. Arrowstreet Capital Limited Partnership owned 0.71% of Strategic Education worth $16,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Strategic Education during the 3rd quarter valued at $37,000. R Squared Ltd bought a new position in Strategic Education during the fourth quarter valued at $42,000. Smartleaf Asset Management LLC raised its stake in shares of Strategic Education by 394.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider's stock valued at $44,000 after acquiring an additional 383 shares during the period. Pacer Advisors Inc. bought a new stake in shares of Strategic Education in the 4th quarter worth about $96,000. Finally, KBC Group NV boosted its stake in shares of Strategic Education by 53.3% during the 4th quarter. KBC Group NV now owns 1,044 shares of the health services provider's stock worth $98,000 after purchasing an additional 363 shares during the period. 93.27% of the stock is owned by institutional investors.

Insider Activity at Strategic Education

In related news, CEO Raymond Karl Mcdonnell sold 31,855 shares of Strategic Education stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the transaction, the chief executive officer now directly owns 140,281 shares of the company's stock, valued at $13,723,690.23. This trade represents a 18.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael A. Mcrobbie acquired 600 shares of Strategic Education stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $81.80 per share, with a total value of $49,080.00. Following the purchase, the director now directly owns 6,135 shares of the company's stock, valued at $501,843. This represents a 10.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 39,332 shares of company stock worth $3,825,169 over the last three months. 3.30% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

STRA has been the subject of several analyst reports. StockNews.com downgraded shares of Strategic Education from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. BMO Capital Markets reduced their price target on Strategic Education from $114.00 to $97.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Finally, Barrington Research dropped their price objective on Strategic Education from $135.00 to $120.00 and set an "outperform" rating for the company in a report on Thursday, February 27th.

Strategic Education Stock Up 5.6 %

STRA traded up $4.35 on Wednesday, reaching $81.44. 242,821 shares of the company traded hands, compared to its average volume of 147,718. The company has a market cap of $2.01 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The firm has a fifty day simple moving average of $88.50 and a two-hundred day simple moving average of $92.00. Strategic Education, Inc. has a one year low of $76.20 and a one year high of $123.62.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.10). The company had revenue of $311.46 million for the quarter, compared to the consensus estimate of $315.18 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. On average, equities analysts forecast that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.95%. Strategic Education's dividend payout ratio is currently 51.39%.

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.