Semanteon Capital Management LP Buys 10,609 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Semanteon Capital Management LP lifted its stake in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 581.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,435 shares of the health services provider's stock after acquiring an additional 10,609 shares during the period. Semanteon Capital Management LP owned 0.05% of Strategic Education worth $1,151,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its position in shares of Strategic Education by 46.3% in the second quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider's stock valued at $44,000 after purchasing an additional 125 shares during the period. Arizona State Retirement System boosted its holdings in Strategic Education by 2.6% during the second quarter. Arizona State Retirement System now owns 6,199 shares of the health services provider's stock valued at $686,000 after acquiring an additional 160 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Strategic Education by 1.3% during the first quarter. Illinois Municipal Retirement Fund now owns 12,984 shares of the health services provider's stock valued at $1,352,000 after acquiring an additional 165 shares during the period. Evergreen Capital Management LLC grew its position in shares of Strategic Education by 8.7% in the second quarter. Evergreen Capital Management LLC now owns 2,160 shares of the health services provider's stock valued at $239,000 after purchasing an additional 172 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Strategic Education by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the health services provider's stock worth $1,217,000 after purchasing an additional 200 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on STRA shares. StockNews.com lowered Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, October 5th. Barrington Research reaffirmed an "outperform" rating and set a $135.00 target price on shares of Strategic Education in a research report on Thursday, September 26th. BMO Capital Markets cut their target price on shares of Strategic Education from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Thursday, August 1st. Finally, Truist Financial decreased their price target 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.00.

Insider Transactions at Strategic Education

In related news, Director Viet D. Dinh purchased 5,000 shares of the firm's stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $95.59 per share, with a total value of $477,950.00. Following the purchase, the director now directly owns 20,020 shares in the company, valued at $1,913,711.80. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by insiders.

Strategic Education Stock Performance

STRA stock traded up $0.89 during midday trading on Monday, hitting $86.74. The stock had a trading volume of 63,261 shares, compared to its average volume of 127,698. Strategic Education, Inc. has a 52 week low of $80.34 and a 52 week high of $123.62. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $91.78 and a 200 day simple moving average of $103.60. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.23 and a beta of 0.56.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The health services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.14. The company had revenue of $312.30 million during the quarter, compared to the consensus estimate of $308.16 million. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. As a group, equities research analysts anticipate that Strategic Education, Inc. will post 4.65 earnings per share for the current year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were paid a $0.60 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.40 annualized dividend and a dividend yield of 2.77%. Strategic Education's dividend payout ratio is currently 49.28%.

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.