Ieq Capital LLC Makes New Investment in Strategic Education, Inc. (NASDAQ:STRA)

Ieq Capital LLC purchased a new position in Strategic Education, Inc. (NASDAQ:STRA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,482 shares of the health services provider's stock, valued at approximately $512,000.

A number of other large investors also recently bought and sold shares of STRA. Exchange Traded Concepts LLC increased its holdings in shares of Strategic Education by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,113 shares of the health services provider's stock valued at $758,000 after acquiring an additional 205 shares in the last quarter. HighTower Advisors LLC increased its stake in Strategic Education by 9.8% during the 3rd quarter. HighTower Advisors LLC now owns 2,448 shares of the health services provider's stock valued at $228,000 after purchasing an additional 218 shares in the last quarter. US Bancorp DE raised its holdings in Strategic Education by 12.8% in the third quarter. US Bancorp DE now owns 1,938 shares of the health services provider's stock worth $179,000 after buying an additional 220 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of Strategic Education by 4.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 7,676 shares of the health services provider's stock worth $710,000 after buying an additional 306 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Strategic Education by 5.3% during the third quarter. Amalgamated Bank now owns 7,086 shares of the health services provider's stock valued at $656,000 after buying an additional 354 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on STRA shares. StockNews.com raised Strategic Education from a "hold" rating to a "buy" rating in a research report on Wednesday. Barrington Research lowered their price target on Strategic Education from $135.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $122.25.

Insider Activity at Strategic Education

In other news, CEO Raymond Karl Mcdonnell sold 31,855 shares of Strategic Education stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the transaction, the chief executive officer now directly owns 140,281 shares of the company's stock, valued at $13,723,690.23. The trade was a 18.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel Wayne Jackson sold 6,025 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 transaction of $589,425.75. Following the completion of the sale, the chief financial officer now directly owns 81,756 shares of the company's stock, valued at $7,998,189.48. This represents a 6.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

Strategic Education Trading Up 0.9 %

STRA stock traded up $0.73 on Friday, hitting $80.53. The company had a trading volume of 248,652 shares, compared to its average volume of 129,107. Strategic Education, Inc. has a 12-month low of $78.62 and a 12-month high of $123.62. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 1.22 and a beta of 0.59. The stock's 50-day simple moving average is $96.33 and its 200 day simple moving average is $94.75.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The health services provider reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.10). The firm had revenue of $311.46 million for the quarter, compared to analysts' expectations of $315.18 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. Research analysts forecast that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Monday, March 10th. Strategic Education's payout ratio is 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.