Bridgewater Associates LP Trims Position in Strategic Education, Inc. (NASDAQ:STRA)

Bridgewater Associates LP cut its position in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 17.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,340 shares of the health services provider's stock after selling 5,387 shares during the quarter. Bridgewater Associates LP owned 0.11% of Strategic Education worth $2,438,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STRA. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Strategic Education during the 2nd quarter worth approximately $36,000. Meeder Asset Management Inc. bought a new stake in shares of Strategic Education in the second quarter valued at about $36,000. CWM LLC increased its stake in Strategic Education by 2,650.0% in the 2nd quarter. CWM LLC now owns 330 shares of the health services provider's stock valued at $37,000 after buying an additional 318 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Strategic Education in the 2nd quarter valued at $38,000. Finally, Innealta Capital LLC bought a new stake in Strategic Education during the 2nd quarter worth about $38,000. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

STRA has been the topic of a number of recent analyst reports. Barrington Research restated an "outperform" rating and set a $135.00 target price on shares of Strategic Education in a report on Thursday, November 7th. StockNews.com lowered shares of Strategic Education from a "buy" rating to a "hold" rating in a research note on Saturday, October 5th. Finally, Truist Financial cut their target price on shares of Strategic Education from $145.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $126.00.

Strategic Education Trading Down 0.8 %

Strategic Education stock traded down $0.75 during midday trading on Friday, reaching $98.81. The company's stock had a trading volume of 116,330 shares, compared to its average volume of 173,708. The stock has a market cap of $2.43 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.38 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. The business has a 50-day moving average price of $91.86 and a 200-day moving average price of $100.94.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. The firm 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 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. As a group, research analysts predict that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.43%. Strategic Education's dividend payout ratio (DPR) is currently 45.71%.

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.