Algert Global LLC Decreases Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Algert Global LLC cut its holdings in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 72.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,665 shares of the health services provider's stock after selling 40,326 shares during the period. Algert Global LLC owned 0.06% of Strategic Education worth $1,450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Marshfield Associates grew its holdings in Strategic Education by 0.5% during the 2nd 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 worth $160,212,000 after acquiring an additional 48,462 shares in the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of 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 valued at $133,799,000 after acquiring an additional 25,269 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Strategic Education by 0.6% in the second 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 in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in 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 worth $40,914,000 after purchasing an additional 25,455 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Strategic Education Stock Down 0.8 %

STRA traded down $0.75 during trading hours on Friday, reaching $98.81. 116,330 shares of the company's stock traded hands, compared to its average volume of 131,824. The firm has a 50-day moving average price of $91.74 and a 200 day moving average price of $101.23. The firm has a market capitalization of $2.43 billion, a PE ratio of 18.58, a PEG ratio of 1.39 and a beta of 0.57. Strategic Education, Inc. has a 52-week low of $85.11 and a 52-week high of $123.62.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, topping the consensus estimate 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%. The firm's revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 EPS. Equities analysts predict that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The company also recently announced 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 is Monday, December 2nd. Strategic Education's dividend payout ratio (DPR) is presently 45.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. 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 research report on Wednesday, October 16th. Barrington Research reaffirmed an "outperform" rating and issued a $135.00 price target on shares of Strategic Education in a report on Thursday, November 7th. BMO Capital Markets reduced their price objective on Strategic Education from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Thursday, August 1st. Finally, StockNews.com lowered 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.