International Assets Investment Management LLC Buys 197,633 Shares of Strategic Education, Inc. (NASDAQ:STRA)

International Assets Investment Management LLC increased its stake in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 10,374.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 199,538 shares of the health services provider's stock after purchasing an additional 197,633 shares during the quarter. International Assets Investment Management LLC owned approximately 0.81% of Strategic Education worth $18,467,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of STRA. Mirae Asset Global Investments Co. Ltd. raised its holdings in Strategic Education by 18.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,743 shares of the health services provider's stock valued at $1,639,000 after acquiring an additional 2,477 shares during the period. SG Americas Securities LLC raised its holdings in Strategic Education by 78.3% during the first quarter. SG Americas Securities LLC now owns 7,396 shares of the health services provider's stock valued at $770,000 after acquiring an additional 3,248 shares during the period. Illinois Municipal Retirement Fund raised 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. ProShare Advisors LLC raised its holdings in Strategic Education by 7.3% during the first quarter. ProShare Advisors LLC now owns 4,544 shares of the health services provider's stock valued at $473,000 after acquiring an additional 309 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in Strategic Education by 83.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 11,817 shares of the health services provider's stock valued at $1,230,000 after acquiring an additional 5,358 shares during the period. 93.27% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of research firms have commented on STRA. Barrington Research reissued an "outperform" rating and set a $135.00 price target on shares of Strategic Education in a report on Thursday, September 26th. BMO Capital Markets cut their price objective on Strategic Education from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Thursday, August 1st. Truist Financial cut their price objective on Strategic Education from $145.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th. Finally, StockNews.com lowered Strategic Education from a "buy" rating to a "hold" rating in a research report on Saturday, October 5th. One 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.00.

Strategic Education Price Performance

Shares of Strategic Education stock traded up $0.70 during trading on Wednesday, reaching $88.14. 106,722 shares of the stock traded hands, compared to its average volume of 127,453. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 1.23 and a beta of 0.56. Strategic Education, Inc. has a 52-week low of $80.97 and a 52-week high of $123.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.57 and a quick ratio of 1.57. The business has a fifty day simple moving average of $91.44 and a two-hundred day simple moving average of $103.41.

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

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were given a $0.60 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.40 annualized dividend and a yield of 2.72%. Strategic Education's dividend payout ratio is currently 56.87%.

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.