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Intech Investment Management LLC Invests $702,000 in Strategic Education, Inc. (NASDAQ:STRA)

Strategic Education logo with Consumer Discretionary background

Intech Investment Management LLC bought a new stake in Strategic Education, Inc. (NASDAQ:STRA - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,583 shares of the health services provider's stock, valued at approximately $702,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STRA. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Strategic Education by 38.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,577 shares of the health services provider's stock valued at $3,108,000 after buying an additional 9,277 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Strategic Education by 19.7% in the third quarter. Thrivent Financial for Lutherans now owns 43,755 shares of the health services provider's stock worth $4,050,000 after acquiring an additional 7,203 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Strategic Education by 51.5% during the third quarter. Victory Capital Management Inc. now owns 57,345 shares of the health services provider's stock worth $5,307,000 after purchasing an additional 19,483 shares during the period. GSA Capital Partners LLP bought a new position in shares of Strategic Education during the 3rd quarter valued at about $323,000. Finally, Versor Investments LP grew its position in shares of Strategic Education by 111.8% in the 3rd quarter. Versor Investments LP now owns 4,113 shares of the health services provider's stock valued at $381,000 after purchasing an additional 2,171 shares during the period. 93.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on STRA. Truist Financial dropped their target price on shares of Strategic Education from $145.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Barrington Research reaffirmed an "outperform" rating and issued a $135.00 price objective on shares of Strategic Education in a research report on Thursday, November 7th. Finally, StockNews.com cut Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, October 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Strategic Education presently has an average rating of "Moderate Buy" and a consensus price target of $126.00.

Get Our Latest Analysis on Strategic Education

Strategic Education Stock Down 0.8 %

STRA traded down $0.75 during trading hours on Friday, hitting $98.81. 116,330 shares of the company's stock were exchanged, compared to its average volume of 131,824. Strategic Education, Inc. has a 1-year low of $85.11 and a 1-year high of $123.62. The stock's 50-day moving average is $91.86 and its two-hundred day moving average is $101.08. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.39 and a beta of 0.57.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.35. The company had revenue of $305.96 million during the quarter, compared to analysts' expectations of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. Strategic Education's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. On average, equities research analysts anticipate that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Monday, December 2nd. Strategic Education's dividend payout ratio (DPR) is 45.71%.

Strategic Education Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Strategic Education (NASDAQ:STRA)

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