Quantbot Technologies LP Acquires Shares of 16,213 Strategic Education, Inc. (NASDAQ:STRA)

Quantbot Technologies LP purchased a new stake in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 16,213 shares of the health services provider's stock, valued at approximately $1,501,000. Quantbot Technologies LP owned about 0.07% of Strategic Education at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of STRA. Thurston Springer Miller Herd & Titak Inc. bought a new position in Strategic Education in the second quarter valued at $36,000. Meeder Asset Management Inc. bought a new position in shares of Strategic Education during the 2nd quarter valued at about $36,000. CWM LLC lifted its position in Strategic Education by 2,650.0% in the 2nd quarter. CWM LLC now owns 330 shares of the health services provider's stock worth $37,000 after buying an additional 318 shares during the last quarter. Rothschild Investment LLC purchased a new stake in Strategic Education in the second quarter worth approximately $38,000. Finally, Innealta Capital LLC bought a new position in Strategic Education during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Strategic Education Stock Down 0.8 %

Shares of Strategic Education stock traded down $0.75 on Friday, hitting $98.81. The stock had a trading volume of 116,330 shares, compared to its average volume of 131,824. The stock's 50-day simple moving average is $91.86 and its two-hundred day simple moving average is $101.08. Strategic Education, Inc. has a one year low of $85.11 and a one year high of $123.62. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.39 and a beta of 0.57.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. The business had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The company's revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. As a group, equities analysts predict that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Monday, December 2nd. Strategic Education's payout ratio is 45.71%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on STRA. 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. StockNews.com cut shares of Strategic Education from a "buy" rating to a "hold" rating in a research report on Saturday, October 5th. Finally, Barrington Research restated an "outperform" rating and set a $135.00 price target on shares of Strategic Education in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $126.00.

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.