Edmond DE Rothschild Holding S.A. Raises Position in Strategic Education, Inc. (NASDAQ:STRA)

Edmond DE Rothschild Holding S.A. raised its position in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 1,044.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,202 shares of the health services provider's stock after buying an additional 20,262 shares during the period. Edmond DE Rothschild Holding S.A. owned about 0.09% of Strategic Education worth $2,074,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of STRA. JPMorgan Chase & Co. increased its stake in shares of Strategic Education by 76.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider's stock valued at $36,941,000 after purchasing an additional 173,225 shares in the last quarter. Norges Bank acquired a new position in shares of Strategic Education during the 4th quarter worth approximately $15,715,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Strategic Education by 207.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,141 shares of the health services provider's stock valued at $16,362,000 after buying an additional 118,151 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Strategic Education in the 3rd quarter valued at $5,635,000. Finally, State Street Corp increased its holdings in Strategic Education by 6.1% in the 3rd quarter. State Street Corp now owns 890,133 shares of the health services provider's stock worth $82,382,000 after acquiring an additional 50,980 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Strategic Education Price Performance

NASDAQ STRA traded down $1.18 during trading hours on Friday, hitting $81.07. 318,223 shares of the company's stock traded hands, compared to its average volume of 145,683. The firm's 50-day moving average is $90.39 and its 200-day moving average is $92.50. Strategic Education, Inc. has a 52-week low of $78.43 and a 52-week high of $123.62. The company has a market capitalization of $2.00 billion, a PE ratio of 15.44, a PEG ratio of 1.22 and a beta of 0.58.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The health services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.10). The company had revenue of $311.46 million during the quarter, compared to analyst estimates of $315.18 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. Equities research analysts predict that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal 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 given 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 2.96%. Strategic Education's payout ratio is 51.39%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on STRA shares. StockNews.com lowered shares of Strategic Education from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Barrington Research lowered 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. Finally, BMO Capital Markets reduced their target price on Strategic Education from $114.00 to $97.00 and set an "outperform" rating for the company in a report on Monday, March 3rd.

Insider Buying and Selling

In related news, CEO Raymond Karl Mcdonnell sold 31,855 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $3,116,374.65. Following the completion of the transaction, the chief executive officer now directly owns 140,281 shares in the company, valued at approximately $13,723,690.23. This represents a 18.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Daniel Wayne Jackson sold 6,025 shares of Strategic Education stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total value of $589,425.75. Following the completion of the sale, the chief financial officer now owns 81,756 shares in the company, valued at $7,998,189.48. This represents a 6.86 % 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 worth $3,825,169. Insiders own 3.30% of the company's stock.

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.