Charles Schwab Investment Management Inc. Has $29.04 Million Stock Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Charles Schwab Investment Management Inc. raised its holdings in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 7.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 313,727 shares of the health services provider's stock after buying an additional 20,389 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.27% of Strategic Education worth $29,035,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Intech Investment Management LLC bought a new stake in Strategic Education in the 3rd quarter valued at $702,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Strategic Education by 38.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,577 shares of the health services provider's stock worth $3,108,000 after purchasing an additional 9,277 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Strategic Education by 19.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 43,755 shares of the health services provider's stock worth $4,050,000 after purchasing an additional 7,203 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Strategic Education by 51.5% in the 3rd quarter. Victory Capital Management Inc. now owns 57,345 shares of the health services provider's stock worth $5,307,000 after purchasing an additional 19,483 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Strategic Education in the 3rd quarter worth about $323,000. Institutional investors own 93.27% of the company's stock.

Strategic Education Trading Down 1.1 %

NASDAQ STRA traded down $1.12 on Thursday, hitting $98.83. 84,936 shares of the company were exchanged, compared to its average volume of 131,677. The firm has a 50 day moving average of $92.31 and a two-hundred day moving average of $100.53. The company has a market cap of $2.43 billion, a P/E ratio of 19.04, a P/E/G ratio of 1.39 and a beta of 0.59. Strategic Education, Inc. has a 1-year low of $85.11 and a 1-year high of $123.62.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $301.62 million. During the same quarter in the prior year, the company earned $0.97 EPS. The firm's quarterly revenue was up 7.0% on a year-over-year basis. Research analysts anticipate that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.43%. Strategic Education's payout ratio is presently 45.71%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on STRA shares. Barrington Research reaffirmed an "outperform" rating and issued a $135.00 target price on shares of Strategic Education in a report on Thursday, November 7th. Truist Financial lowered their target price on shares of Strategic Education from $145.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Finally, StockNews.com lowered shares of Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, October 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.00.

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.