Strategic Education, Inc. (NASDAQ:STRA) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 324,676 shares of the health services provider's stock after purchasing an additional 10,949 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.32% of Strategic Education worth $30,331,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in STRA. Marshfield Associates boosted its holdings in shares of Strategic Education by 0.5% in the 3rd quarter. Marshfield Associates now owns 1,829,622 shares of the health services provider's stock valued at $169,332,000 after acquiring an additional 9,001 shares during the last quarter. State Street Corp boosted its holdings in Strategic Education by 6.1% in the third quarter. State Street Corp now owns 890,133 shares of the health services provider's stock valued at $82,382,000 after purchasing an additional 50,980 shares during the last quarter. Geode Capital Management LLC grew its position in Strategic Education by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 561,274 shares of the health services provider's stock worth $51,956,000 after purchasing an additional 28,082 shares during the period. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Strategic Education by 2.2% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 461,012 shares of the health services provider's stock valued at $42,667,000 after buying an additional 10,084 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Strategic Education by 76.7% in the third quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider's stock worth $36,941,000 after buying an additional 173,225 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Strategic Education

In other news, CEO Raymond Karl Mcdonnell sold 31,855 shares of Strategic Education stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the sale, the chief executive officer now owns 140,281 shares in the company, valued at approximately $13,723,690.23. The trade was a 18.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel Wayne Jackson sold 6,025 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $589,425.75. Following the transaction, the chief financial officer now directly owns 81,756 shares in the company, valued at $7,998,189.48. The trade was a 6.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,332 shares of company stock valued at $3,825,169 over the last 90 days. 3.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barrington Research lowered their price target on shares of Strategic Education from $135.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. BMO Capital Markets lowered their target price on shares of Strategic Education from $114.00 to $97.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Finally, StockNews.com lowered Strategic Education from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th.

Strategic Education Stock Up 0.3 %

Shares of Strategic Education stock traded up $0.28 during mid-day trading on Thursday, hitting $81.98. The stock had a trading volume of 85,173 shares, compared to its average volume of 132,442. The firm has a market cap of $2.02 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The firm has a 50-day moving average of $93.26 and a two-hundred day moving average of $93.36. Strategic Education, Inc. has a 12-month low of $78.43 and a 12-month high of $123.62.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.10). Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The company had revenue of $311.46 million for the quarter, compared to analysts' expectations of $315.18 million. Sell-side analysts expect that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Monday, March 10th. Strategic Education's dividend payout ratio is currently 51.39%.

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.