Strategic Education, Inc. (NASDAQ:STRA) Stock Position Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 272,253 shares of the health services provider's stock after acquiring an additional 12,961 shares during the period. Bank of New York Mellon Corp owned approximately 1.11% of Strategic Education worth $25,434,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. US Bancorp DE boosted its stake in shares of 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 purchasing an additional 220 shares during the period. Amalgamated Bank boosted its position in Strategic Education by 5.3% in the 3rd quarter. Amalgamated Bank now owns 7,086 shares of the health services provider's stock valued at $656,000 after buying an additional 354 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Strategic Education by 11.5% during the third quarter. Principal Financial Group Inc. now owns 120,628 shares of the health services provider's stock valued at $11,164,000 after acquiring an additional 12,437 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Strategic Education by 22.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 20,353 shares of the health services provider's stock worth $1,884,000 after acquiring an additional 3,744 shares during the last quarter. Finally, Versor Investments LP lifted its stake in shares of Strategic Education by 111.8% in the third quarter. Versor Investments LP now owns 4,113 shares of the health services provider's stock worth $381,000 after acquiring an additional 2,171 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

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Insider Activity

In other news, CFO Daniel Wayne Jackson sold 6,025 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total transaction of $589,425.75. Following the completion of the transaction, the chief financial officer now owns 81,756 shares in the company, valued at approximately $7,998,189.48. This represents a 6.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the completion of the sale, the chief executive officer now directly owns 140,281 shares in the company, valued at approximately $13,723,690.23. This trade represents a 18.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,332 shares of company stock valued at $3,825,169. 3.10% of the stock is currently owned by insiders.

Strategic Education Stock Performance

Shares of NASDAQ STRA traded down $0.79 during trading on Thursday, reaching $79.13. The stock had a trading volume of 92,150 shares, compared to its average volume of 132,508. The firm's 50 day moving average price is $94.48 and its two-hundred day moving average price is $93.95. Strategic Education, Inc. has a one year low of $78.43 and a one year high of $123.62. The stock has a market cap of $1.94 billion, a PE ratio of 15.07, a P/E/G 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 return on equity of 7.61% and a net margin of 10.44%. The business had revenue of $311.46 million for the quarter, compared to analyst estimates of $315.18 million. On average, research analysts expect that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.03%. Strategic Education's payout ratio is currently 51.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on STRA shares. Barrington Research dropped their price objective on Strategic Education from $135.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. StockNews.com lowered shares of Strategic Education from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, BMO Capital Markets decreased their price objective on shares of Strategic Education from $114.00 to $97.00 and set an "outperform" rating for the company in a report on Monday, March 3rd.

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.