Paloma Partners Management Co Invests $639,000 in Strategic Education, Inc. (NASDAQ:STRA)

Paloma Partners Management Co bought a new position in Strategic Education, Inc. (NASDAQ:STRA - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,909 shares of the health services provider's stock, valued at approximately $639,000.

A number of other institutional investors have also added to or reduced their stakes in STRA. International Assets Investment Management LLC boosted its position in shares of Strategic Education by 10,374.4% during the 3rd quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider's stock valued at $18,467,000 after acquiring an additional 197,633 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Strategic Education during the 2nd quarter valued at approximately $12,231,000. Renaissance Technologies LLC boosted its position in shares of Strategic Education by 64.9% during the 2nd quarter. Renaissance Technologies LLC now owns 251,778 shares of the health services provider's stock valued at $27,862,000 after acquiring an additional 99,100 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Strategic Education by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider's stock worth $160,212,000 after buying an additional 48,462 shares during the last quarter. Finally, Algert Global LLC lifted its position in Strategic Education by 570.1% in the second quarter. Algert Global LLC now owns 55,991 shares of the health services provider's stock worth $6,196,000 after buying an additional 47,635 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STRA has been the subject of a number of analyst reports. Barrington Research restated an "outperform" rating and issued a $135.00 price target on shares of Strategic Education in a research report on Thursday, November 7th. Truist Financial reduced their price objective on shares of Strategic Education from $145.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Finally, StockNews.com downgraded shares of 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 issued a buy rating to the company's stock. Based on data from MarketBeat, Strategic Education presently has an average rating of "Moderate Buy" and an average price target of $126.00.

Strategic Education Stock Up 0.4 %

STRA stock traded up $0.41 during mid-day trading on Wednesday, hitting $99.95. 142,742 shares of the company were exchanged, compared to its average volume of 131,877. The firm has a market capitalization of $2.46 billion, a P/E ratio of 18.96, a PEG ratio of 1.38 and a beta of 0.59. The business has a fifty day simple moving average of $92.14 and a 200-day simple moving average of $100.53. 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 posted its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $301.62 million. During the same quarter last year, the firm posted $0.97 earnings per share. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts predict that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Dividend Announcement

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