Integrated Quantitative Investments LLC Buys New Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Integrated Quantitative Investments LLC bought a new stake in Strategic Education, Inc. (NASDAQ:STRA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 10,415 shares of the health services provider's stock, valued at approximately $973,000.

A number of other hedge funds have also recently added to or reduced their stakes in STRA. Charles Schwab Investment Management Inc. raised its position in shares of Strategic Education by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 313,727 shares of the health services provider's stock worth $29,035,000 after acquiring an additional 20,389 shares during the period. Captrust Financial Advisors raised its holdings in Strategic Education by 10.5% in the 3rd quarter. Captrust Financial Advisors now owns 4,405 shares of the health services provider's stock worth $408,000 after purchasing an additional 420 shares during the period. Verition Fund Management LLC raised its holdings in Strategic Education by 80.6% in the 3rd quarter. Verition Fund Management LLC now owns 15,710 shares of the health services provider's stock worth $1,454,000 after purchasing an additional 7,012 shares during the period. Benjamin Edwards Inc. purchased a new position in Strategic Education during the third quarter worth approximately $723,000. Finally, Centiva Capital LP acquired a new stake in Strategic Education in the third quarter valued at approximately $431,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Raymond Karl Mcdonnell sold 31,855 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 140,281 shares in the company, valued at approximately $13,723,690.23. The trade was a 18.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel Wayne Jackson sold 6,025 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $589,425.75. Following the transaction, the chief financial officer now directly owns 81,756 shares of the company's stock, valued at approximately $7,998,189.48. This trade 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.

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Wall Street Analyst Weigh In

Several research analysts have recently weighed in on STRA shares. 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 research note on Monday, March 3rd. Barrington Research reduced their price objective on shares of Strategic Education from $135.00 to $120.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, StockNews.com lowered shares of Strategic Education from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th.

Strategic Education Stock Performance

Shares of STRA traded up $0.16 during trading hours on Wednesday, hitting $77.25. 55,050 shares of the stock were exchanged, compared to its average volume of 146,583. The stock's 50-day moving average price is $89.17 and its two-hundred day moving average price is $92.15. Strategic Education, Inc. has a 12-month low of $76.20 and a 12-month high of $123.62. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth 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 earnings per share 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 business had revenue of $311.46 million during the quarter, compared to analysts' expectations of $315.18 million. On average, research analysts expect that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.11%. The ex-dividend date was Monday, March 10th. Strategic Education's payout ratio is currently 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.