International Assets Investment Management LLC Cuts Stock Holdings in Strategic Education, Inc. (NASDAQ:STRA)

International Assets Investment Management LLC reduced its holdings in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 98.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,379 shares of the health services provider's stock after selling 197,159 shares during the quarter. International Assets Investment Management LLC's holdings in Strategic Education were worth $220,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new stake in shares of Strategic Education in the 2nd quarter valued at $36,000. Daiwa Securities Group Inc. grew its holdings in Strategic Education by 46.3% in the second quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider's stock worth $44,000 after purchasing an additional 125 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Strategic Education in the third quarter valued at $37,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Strategic Education during the third quarter valued at about $55,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Strategic Education during the 2nd quarter worth about $107,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Strategic Education Trading Up 0.8 %

Strategic Education stock traded up $0.77 during trading on Tuesday, hitting $94.54. 73,920 shares of the company were exchanged, compared to its average volume of 87,815. The business's 50 day moving average is $96.23 and its 200 day moving average is $97.15. Strategic Education, Inc. has a 52 week low of $85.11 and a 52 week high of $123.62. The company has a market capitalization of $2.32 billion, a P/E ratio of 18.01, a PEG ratio of 1.38 and a beta of 0.58.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm had revenue of $305.96 million for the quarter, compared to the consensus estimate of $301.62 million. During the same quarter in the previous year, the business earned $0.97 EPS. The company's revenue was up 7.0% compared to the same quarter last year. Equities analysts expect that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.60 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.54%. Strategic Education's payout ratio is currently 45.71%.

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.