Inceptionr LLC Invests $310,000 in Strategic Education, Inc. (NASDAQ:STRA)

Inceptionr LLC purchased a new position in Strategic Education, Inc. (NASDAQ:STRA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,323 shares of the health services provider's stock, valued at approximately $310,000.

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

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Insider Activity

In other news, CEO Raymond Karl Mcdonnell sold 31,855 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 approximately $13,723,690.23. This trade represents a 18.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael A. Mcrobbie acquired 600 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $81.80 per share, for a total transaction of $49,080.00. Following the purchase, the director now owns 6,135 shares of the company's stock, valued at $501,843. This represents a 10.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 39,332 shares of company stock valued at $3,825,169. 3.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Barrington Research reduced their price target on shares of Strategic Education from $135.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. StockNews.com lowered Strategic Education from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, BMO Capital Markets decreased their target price on Strategic Education from $114.00 to $97.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd.

Strategic Education Stock Performance

STRA stock traded down $0.77 during trading on Thursday, hitting $79.14. 116,983 shares of the company's stock traded hands, compared to its average volume of 132,508. The business has a fifty day simple moving average of $94.48 and a 200 day simple moving average of $93.95. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 1.22 and a beta of 0.59. Strategic Education, Inc. has a 52 week low of $78.43 and a 52 week high of $123.62.

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

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.03%. Strategic Education's dividend payout ratio (DPR) is presently 51.39%.

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.