JPMorgan Chase & Co. Buys 173,225 Shares of Strategic Education, Inc. (NASDAQ:STRA)

JPMorgan Chase & Co. increased its stake in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 76.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 399,144 shares of the health services provider's stock after acquiring an additional 173,225 shares during the period. JPMorgan Chase & Co. owned about 1.62% of Strategic Education worth $36,941,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Marshfield Associates raised its stake in shares of Strategic Education by 0.5% during the third quarter. Marshfield Associates now owns 1,829,622 shares of the health services provider's stock valued at $169,332,000 after acquiring an additional 9,001 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Strategic Education by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider's stock valued at $160,212,000 after purchasing an additional 48,462 shares during the period. Burgundy Asset Management Ltd. raised its position in Strategic Education by 2.1% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,209,100 shares of the health services provider's stock valued at $133,799,000 after purchasing an additional 25,269 shares during the last quarter. State Street Corp lifted its holdings in Strategic Education by 6.1% in the 3rd quarter. State Street Corp now owns 890,133 shares of the health services provider's stock worth $82,382,000 after buying an additional 50,980 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Strategic Education by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 561,274 shares of the health services provider's stock worth $51,956,000 after buying an additional 28,082 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Stock Down 0.2 %

Shares of NASDAQ:STRA traded down $0.14 during midday trading on Tuesday, reaching $91.82. The company's stock had a trading volume of 106,555 shares, compared to its average volume of 88,214. The firm has a 50 day moving average of $95.77 and a 200-day moving average of $97.61. The firm has a market capitalization of $2.26 billion, a P/E ratio of 17.49, a PEG ratio of 1.38 and a beta of 0.58. Strategic Education, Inc. has a 12-month low of $85.11 and a 12-month high of $123.62.

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, 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 for the quarter, compared to analysts' expectations of $301.62 million. During the same quarter in the prior year, the company earned $0.97 earnings per share. The business's revenue was up 7.0% compared to the same quarter last year. On average, research analysts predict that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.61%. The ex-dividend date was Monday, December 2nd. Strategic Education's dividend payout ratio (DPR) is 45.71%.

Analyst Upgrades and Downgrades

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

Strategic Education Company 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.