Victory Capital Management Inc. Raises Stock Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Victory Capital Management Inc. lifted its position in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 32.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,200 shares of the health services provider's stock after acquiring an additional 18,855 shares during the quarter. Victory Capital Management Inc. owned approximately 0.31% of Strategic Education worth $7,119,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Exchange Traded Concepts LLC boosted its holdings in shares of Strategic Education by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,113 shares of the health services provider's stock valued at $758,000 after acquiring an additional 205 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Strategic Education by 9.8% during the 3rd quarter. HighTower Advisors LLC now owns 2,448 shares of the health services provider's stock valued at $228,000 after acquiring an additional 218 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Strategic Education by 12.8% during the 3rd quarter. US Bancorp DE now owns 1,938 shares of the health services provider's stock valued at $179,000 after acquiring an additional 220 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Strategic Education by 4.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 7,676 shares of the health services provider's stock valued at $710,000 after acquiring an additional 306 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Strategic Education by 5.3% during the 3rd quarter. Amalgamated Bank now owns 7,086 shares of the health services provider's stock valued at $656,000 after acquiring an additional 354 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BMO Capital Markets cut 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. StockNews.com downgraded Strategic Education from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, Barrington Research cut their target price on Strategic Education from $135.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th.

Insider Transactions at Strategic Education

In related news, Director Michael A. Mcrobbie acquired 600 shares of the stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $81.80 per share, with a total value of $49,080.00. Following the completion of the purchase, the director now directly owns 6,135 shares in the company, valued at $501,843. This trade represents a 10.84 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Lizette Benedi Herraiz sold 1,452 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $82.21, for a total value of $119,368.92. Following the completion of the sale, the general counsel now directly owns 61,716 shares of the company's stock, valued at approximately $5,073,672.36. This trade represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,332 shares of company stock valued at $3,825,169. Corporate insiders own 3.10% of the company's stock.

Strategic Education Stock Up 0.3 %

STRA traded up $0.25 during midday trading on Tuesday, hitting $79.97. 214,370 shares of the company were exchanged, compared to its average volume of 132,430. The firm has a market capitalization of $1.97 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.22 and a beta of 0.59. Strategic Education, Inc. has a 1-year low of $78.43 and a 1-year high of $123.62. The firm's 50 day moving average price is $93.72 and its 200-day moving average price is $93.56.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The health services provider reported $1.27 earnings per share 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 during the quarter, compared to the consensus estimate of $315.18 million. On average, sell-side analysts predict that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Monday, March 10th. Strategic Education's dividend payout ratio (DPR) is presently 51.39%.

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.