Strategic Education, Inc. (NASDAQ:STRA) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 397,265 shares of the health services provider's stock after buying an additional 15,638 shares during the period. Envestnet Asset Management Inc. owned 1.62% of Strategic Education worth $37,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of STRA. Wells Fargo & Company MN lifted its stake in Strategic Education by 21.2% during the fourth quarter. Wells Fargo & Company MN now owns 39,603 shares of the health services provider's stock worth $3,700,000 after purchasing an additional 6,935 shares during the last quarter. Integrated Quantitative Investments LLC acquired a new stake in Strategic Education during the fourth quarter worth approximately $973,000. Edmond DE Rothschild Holding S.A. lifted its position in shares of Strategic Education by 1,044.4% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 22,202 shares of the health services provider's stock worth $2,074,000 after buying an additional 20,262 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Strategic Education by 207.3% in 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. Finally, Norges Bank purchased a new position in shares of Strategic Education in the 4th quarter valued at $15,715,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, General Counsel Lizette Benedi Herraiz sold 1,452 shares of Strategic Education stock in a transaction on Monday, March 10th. The stock was sold at an average price of $82.21, for a total transaction of $119,368.92. Following the completion of the transaction, the general counsel now directly owns 61,716 shares of the company's stock, valued at approximately $5,073,672.36. The trade was a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total value 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 $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 quarter, insiders sold 39,332 shares of company stock worth $3,825,169. 3.30% of the stock is owned by corporate insiders.

Strategic Education Price Performance

Shares of NASDAQ:STRA traded up $1.30 during trading on Tuesday, reaching $78.56. The company had a trading volume of 288,168 shares, compared to its average volume of 150,933. The stock's fifty day moving average price is $87.19 and its 200 day moving average price is $91.71. Strategic Education, Inc. has a fifty-two week low of $74.28 and a fifty-two week high of $123.62. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its 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). Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm had revenue of $311.46 million during the quarter, compared to analyst estimates of $315.18 million. On average, equities analysts anticipate that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.05%. Strategic Education's dividend payout ratio is currently 51.39%.

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.