Strategic Education, Inc. (NASDAQ:STRA) Shares Purchased by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. raised its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 30.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,500 shares of the health services provider's stock after purchasing an additional 31,500 shares during the quarter. Oberweis Asset Management Inc. owned 0.55% of Strategic Education worth $12,565,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in STRA. PNC Financial Services Group Inc. lifted its holdings in Strategic Education by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the health services provider's stock valued at $281,000 after buying an additional 191 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Strategic Education by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,113 shares of the health services provider's stock worth $758,000 after buying an additional 205 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Strategic Education by 9.8% during the third quarter. HighTower Advisors LLC now owns 2,448 shares of the health services provider's stock valued at $228,000 after buying an additional 218 shares during the period. Bank of Montreal Can raised its holdings in shares of Strategic Education by 7.5% in the fourth quarter. Bank of Montreal Can now owns 3,542 shares of the health services provider's stock valued at $331,000 after acquiring an additional 246 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Strategic Education by 0.7% in the fourth quarter. Swiss National Bank now owns 46,038 shares of the health services provider's stock worth $4,301,000 after acquiring an additional 300 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on STRA shares. BMO Capital Markets reduced their price target on shares of Strategic Education from $114.00 to $97.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. StockNews.com raised shares of Strategic Education from a "hold" rating to a "buy" rating in a research note on Friday. Truist Financial set a $105.00 price target on Strategic Education in a report on Thursday. Finally, Barrington Research reiterated an "outperform" rating and issued a $120.00 target price on shares of Strategic Education in a research note on Tuesday, April 15th.

Insider Activity

In related news, Director Michael A. Mcrobbie purchased 600 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $81.80 per share, with a total value of $49,080.00. Following the purchase, the director now owns 6,135 shares of the company's stock, valued at $501,843. The trade was a 10.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert R. Grusky sold 1,494 shares of the business's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $80.27, for a total transaction of $119,923.38. Following the completion of the sale, the director now directly owns 11,349 shares of the company's stock, valued at approximately $910,984.23. The trade was a 11.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,826 shares of company stock worth $3,945,093 in the last ninety days. Company insiders own 3.30% of the company's stock.

Strategic Education Stock Up 1.1 %

Shares of Strategic Education stock traded up $0.91 during midday trading on Friday, hitting $80.93. The company had a trading volume of 221,119 shares, compared to its average volume of 152,199. The company has a fifty day simple moving average of $83.28 and a 200 day simple moving average of $91.08. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.22 and a beta of 0.58. Strategic Education, Inc. has a 12-month low of $74.28 and a 12-month high of $123.62.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The health services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.29. The business had revenue of $303.59 million during the quarter, compared to analysts' expectations of $300.67 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. As a group, analysts expect that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.97%. Strategic Education's dividend payout ratio (DPR) is currently 51.39%.

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.