Barclays PLC grew its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 334.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,961 shares of the health services provider's stock after acquiring an additional 29,220 shares during the period. Barclays PLC owned 0.15% of Strategic Education worth $3,513,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in Strategic Education during the 2nd quarter valued at $36,000. Rothschild Investment LLC purchased a new stake in Strategic Education in the 2nd quarter valued at about $38,000. Innealta Capital LLC bought a new position in shares of Strategic Education during the 2nd quarter worth approximately $38,000. Daiwa Securities Group Inc. lifted its position in shares of Strategic Education by 46.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider's stock worth $44,000 after buying an additional 125 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Strategic Education in the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 93.27% of the company's stock.
Strategic Education Stock Down 0.1 %
NASDAQ STRA traded down $0.12 during trading hours on Monday, reaching $92.58. The company's stock had a trading volume of 101,645 shares, compared to its average volume of 132,478. Strategic Education, Inc. has a 1 year low of $85.11 and a 1 year high of $123.62. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.38 and a beta of 0.59. The firm's 50-day moving average price is $94.44 and its 200-day moving average price is $99.02.
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, beating analysts' consensus estimates of $0.81 by $0.35. The company had revenue of $305.96 million for the quarter, compared to the consensus estimate of $301.62 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. Strategic Education's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. Equities research analysts anticipate that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.
Strategic Education Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.59%. Strategic Education's payout ratio is 45.71%.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. StockNews.com downgraded Strategic Education from a "buy" rating to a "hold" rating in a research note on Saturday, October 5th. Truist Financial decreased their price target on Strategic Education from $145.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. Finally, Barrington Research reiterated an "outperform" rating and issued a $135.00 price objective 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $126.00.
Get Our Latest Analysis on Strategic Education
Strategic Education Company Profile
(
Free Report)
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.
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