Thrivent Financial for Lutherans Boosts Stock Position in Strategic Education, Inc. (NASDAQ:STRA)

Thrivent Financial for Lutherans lifted its position in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 19.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,755 shares of the health services provider's stock after purchasing an additional 7,203 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.18% of Strategic Education worth $4,050,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshfield Associates raised its holdings in shares of Strategic Education by 0.5% in the second quarter. Marshfield Associates now owns 1,820,621 shares of the health services provider's stock valued at $201,470,000 after buying an additional 9,171 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Strategic Education by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider's stock valued at $160,212,000 after acquiring an additional 48,462 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in Strategic Education by 2.1% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,209,100 shares of the health services provider's stock worth $133,799,000 after acquiring an additional 25,269 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in shares of Strategic Education by 0.6% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 450,928 shares of the health services provider's stock valued at $49,900,000 after purchasing an additional 2,749 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Strategic Education by 7.4% in the second quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider's stock valued at $40,914,000 after purchasing an additional 25,455 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Strategic Education Stock Performance

STRA traded up $0.12 on Monday, hitting $99.52. 249,588 shares of the company were exchanged, compared to its average volume of 131,461. Strategic Education, Inc. has a fifty-two week low of $85.11 and a fifty-two week high of $123.62. The firm has a market capitalization of $2.45 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 1.38 and a beta of 0.57. The business's fifty day moving average is $91.32 and its 200 day moving average is $101.56.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.35. The firm had revenue of $305.96 million during the quarter, compared to the consensus estimate of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. Strategic Education's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. Analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be paid a $0.60 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.41%. Strategic Education's payout ratio is 45.71%.

Analysts Set New Price Targets

STRA has been the topic of a number of analyst reports. BMO Capital Markets lowered their price objective on shares of Strategic Education from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Thursday, August 1st. Truist Financial dropped their price target on shares of Strategic Education from $145.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. Barrington Research restated an "outperform" rating and issued a $135.00 price objective on shares of Strategic Education in a research report on Thursday, November 7th. Finally, StockNews.com downgraded Strategic Education from a "buy" rating to a "hold" rating in a research note on Saturday, October 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $126.00.

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.