Strategic Education, Inc. (NASDAQ:STRA) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its stake in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 26.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,006 shares of the health services provider's stock after selling 6,512 shares during the quarter. Jane Street Group LLC owned about 0.07% of Strategic Education worth $1,666,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Daiwa Securities Group Inc. increased its position in Strategic Education by 46.3% during the 2nd 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. Arizona State Retirement System boosted its stake in shares of Strategic Education by 2.6% in the second quarter. Arizona State Retirement System now owns 6,199 shares of the health services provider's stock valued at $686,000 after buying an additional 160 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in Strategic Education by 8.7% during the second quarter. Evergreen Capital Management LLC now owns 2,160 shares of the health services provider's stock worth $239,000 after acquiring an additional 172 shares during the period. HighTower Advisors LLC raised its position in Strategic Education by 9.8% in the third quarter. HighTower Advisors LLC now owns 2,448 shares of the health services provider's stock worth $228,000 after acquiring an additional 218 shares in the last quarter. Finally, US Bancorp DE lifted 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 valued at $179,000 after acquiring an additional 220 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on STRA. StockNews.com cut shares of Strategic Education from a "buy" rating to a "hold" rating in a research note on Saturday, October 5th. Truist Financial lowered their target price on shares of Strategic Education from $145.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $135.00 target price on shares of Strategic Education in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Strategic Education currently has a consensus rating of "Moderate Buy" and an average target price of $126.00.

Strategic Education Stock Performance

NASDAQ STRA traded down $1.20 during trading hours on Friday, reaching $92.81. The company's stock had a trading volume of 88,127 shares, compared to its average volume of 131,601. The stock has a market cap of $2.28 billion, a PE ratio of 17.68, a PEG ratio of 1.38 and a beta of 0.58. The company's 50-day moving average is $94.93 and its two-hundred day moving average is $98.57. Strategic Education, Inc. has a fifty-two week low of $85.11 and a fifty-two week high of $123.62.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its quarterly earnings data 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 net margin of 10.44% and a return on equity of 7.61%. The business had revenue of $305.96 million during the quarter, compared to analysts' expectations of $301.62 million. During the same period last year, the company posted $0.97 EPS. The company's revenue was up 7.0% on a year-over-year basis. Equities analysts expect that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.59%. Strategic Education's dividend payout ratio is currently 45.71%.

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.