Connor Clark & Lunn Investment Management Ltd. Increases Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 38.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,577 shares of the health services provider's stock after buying an additional 9,277 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.14% of Strategic Education worth $3,108,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wedge Capital Management L L P NC purchased a new stake in shares of Strategic Education in the 2nd quarter worth $1,357,000. Thrivent Financial for Lutherans grew its holdings in Strategic Education by 19.7% during the third quarter. Thrivent Financial for Lutherans now owns 43,755 shares of the health services provider's stock valued at $4,050,000 after purchasing an additional 7,203 shares during the period. Quadrature Capital Ltd purchased a new stake in Strategic Education in the first quarter worth about $738,000. Envestnet Asset Management Inc. raised its stake in shares of Strategic Education by 7.4% in the second quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider's stock worth $40,914,000 after buying an additional 25,455 shares during the period. Finally, Beck Bode LLC purchased a new position in shares of Strategic Education during the 2nd quarter valued at about $1,028,000. 93.27% of the stock is currently owned by institutional investors.

Strategic Education Trading Up 0.1 %

Shares of NASDAQ:STRA traded up $0.12 during midday trading on Monday, reaching $99.52. 249,588 shares of the company were exchanged, compared to its average volume of 131,461. The stock has a market cap of $2.45 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.38 and a beta of 0.57. The business's fifty day moving average is $91.42 and its two-hundred day moving average is $101.41. Strategic Education, Inc. has a one year low of $85.11 and a one year high of $123.62.

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

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.41%. Strategic Education's dividend payout ratio (DPR) is 45.71%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on STRA shares. BMO Capital Markets reduced their target price on shares of Strategic Education from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Thursday, August 1st. Truist Financial reduced their price objective on shares of Strategic Education from $145.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. StockNews.com cut shares of Strategic Education from a "buy" rating to a "hold" rating in a research note on Saturday, October 5th. Finally, Barrington Research reiterated an "outperform" rating and issued a $135.00 price target on shares of Strategic Education in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Strategic Education has a consensus rating of "Moderate Buy" and an average price target of $126.00.

Strategic Education Company 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.