Calamos Advisors LLC Makes New $2.33 Million Investment in Strategic Education, Inc. (NASDAQ:STRA)

Calamos Advisors LLC bought a new stake in Strategic Education, Inc. (NASDAQ:STRA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,943 shares of the health services provider's stock, valued at approximately $2,330,000. Calamos Advisors LLC owned 0.10% of Strategic Education at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in STRA. Sei Investments Co. acquired a new position in shares of Strategic Education in the 2nd quarter valued at $584,000. Millennium Management LLC increased its position in shares of Strategic Education by 611.5% in the 2nd quarter. Millennium Management LLC now owns 46,412 shares of the health services provider's stock valued at $5,136,000 after acquiring an additional 39,889 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Strategic Education by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,193 shares of the health services provider's stock valued at $1,349,000 after acquiring an additional 342 shares during the period. Creative Planning increased its position in shares of Strategic Education by 16.9% in the 2nd quarter. Creative Planning now owns 2,630 shares of the health services provider's stock valued at $291,000 after acquiring an additional 381 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Strategic Education in the 2nd quarter valued at $1,129,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

STRA has been the topic of several analyst reports. Truist Financial cut their price target on Strategic Education from $145.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. Barrington Research restated an "outperform" rating and set a $135.00 target price on shares of Strategic Education in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $126.00.

Strategic Education Stock Down 0.8 %

STRA traded down $0.85 during trading on Friday, reaching $99.56. The company's stock had a trading volume of 101,531 shares, compared to its average volume of 89,570. The firm has a fifty day simple moving average of $96.44 and a two-hundred day simple moving average of $95.28. Strategic Education, Inc. has a 1 year low of $85.11 and a 1 year high of $123.62. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.19 and a beta of 0.59.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. During the same period last year, the company posted $0.97 EPS. The business's revenue was up 7.0% on a year-over-year basis. As a group, equities analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Monday, December 2nd. Strategic Education's payout ratio is presently 45.71%.

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.