UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in Strategic Education, Inc. (NASDAQ:STRA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 11.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,533 shares of the health services provider's stock after selling 4,997 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of Strategic Education worth $3,751,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Strategic Education in the second quarter worth $36,000. CWM LLC boosted its position 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 period. Rothschild Investment LLC purchased a new position in Strategic Education during the 2nd quarter worth $38,000. Innealta Capital LLC bought a new position in Strategic Education during the 2nd quarter worth about $38,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Strategic Education by 46.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider's stock valued at $44,000 after acquiring an additional 125 shares during the period. 93.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Strategic Education Price Performance

Strategic Education stock traded down $1.08 during midday trading on Friday, reaching $99.01. The stock had a trading volume of 98,847 shares, compared to its average volume of 130,805. The firm's fifty day simple moving average is $93.29 and its two-hundred day simple moving average is $99.93. Strategic Education, Inc. has a twelve month low of $85.11 and a twelve month high of $123.62. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.38 and a beta of 0.59.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its earnings results on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $0.81 by $0.35. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm had revenue of $305.96 million during the quarter, compared to analysts' expectations of $301.62 million. During the same period in the prior year, the company earned $0.97 EPS. The business's quarterly revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts predict that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.42%. Strategic Education's dividend payout ratio 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.