Strategic Education, Inc. (NASDAQ:STRA) Shares Bought by EntryPoint Capital LLC

EntryPoint Capital LLC lifted its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 64.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,902 shares of the health services provider's stock after acquiring an additional 4,684 shares during the period. Strategic Education makes up approximately 0.5% of EntryPoint Capital LLC's investment portfolio, making the stock its largest holding. EntryPoint Capital LLC's holdings in Strategic Education were worth $1,112,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Prudential Financial Inc. boosted its position in Strategic Education by 7.5% in the fourth quarter. Prudential Financial Inc. now owns 25,282 shares of the health services provider's stock valued at $2,416,000 after buying an additional 1,761 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Strategic Education by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 2,793,685 shares of the health services provider's stock valued at $260,986,000 after acquiring an additional 45,421 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Strategic Education in the fourth quarter worth $701,000. American Century Companies Inc. increased its stake in shares of Strategic Education by 19.5% in the fourth quarter. American Century Companies Inc. now owns 37,874 shares of the health services provider's stock worth $3,538,000 after acquiring an additional 6,180 shares during the period. Finally, Semanteon Capital Management LP raised its holdings in shares of Strategic Education by 2.7% during the fourth quarter. Semanteon Capital Management LP now owns 12,771 shares of the health services provider's stock worth $1,193,000 after purchasing an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Remove Ads

Insider Buying and Selling at Strategic Education

In other news, General Counsel Lizette Benedi Herraiz sold 1,452 shares of Strategic Education stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $82.21, for a total transaction of $119,368.92. Following the completion of the sale, the general counsel now directly owns 61,716 shares in the company, valued at $5,073,672.36. The trade was a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Daniel Wayne Jackson sold 6,025 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 position. The disclosure for this sale can be found here. Insiders have sold 39,332 shares of company stock valued at $3,825,169 over the last quarter. Corporate insiders own 3.30% of the company's stock.

Wall Street Analysts Forecast Growth

STRA has been the subject of a number of recent research reports. StockNews.com lowered Strategic Education from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. BMO Capital Markets lowered their price objective on Strategic Education from $114.00 to $97.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Finally, Barrington Research dropped their target price on Strategic Education from $135.00 to $120.00 and set an "outperform" rating for the company in a report on Thursday, February 27th.

Strategic Education Stock Performance

Strategic Education stock traded down $0.61 during midday trading on Friday, hitting $85.66. 132,268 shares of the company's stock were exchanged, compared to its average volume of 142,736. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Strategic Education, Inc. has a 12-month low of $78.43 and a 12-month high of $123.62. The firm's 50 day simple moving average is $91.75 and its 200 day simple moving average is $92.85.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share (EPS) 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 business had revenue of $311.46 million for the quarter, compared to analyst estimates of $315.18 million. On average, equities research analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Monday, March 10th. Strategic Education's 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.