Y Intercept Hong Kong Ltd Has $1.09 Million Position in Strategic Education, Inc. (NASDAQ:STRA)

Y Intercept Hong Kong Ltd boosted its stake in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 47.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,715 shares of the health services provider's stock after buying an additional 3,759 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Strategic Education were worth $1,094,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STRA. International Assets Investment Management LLC lifted its stake in Strategic Education by 10,374.4% in the 3rd quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider's stock valued at $18,467,000 after buying an additional 197,633 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Strategic Education by 76.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider's stock worth $36,941,000 after purchasing an additional 173,225 shares during the period. Weiss Asset Management LP purchased a new position in shares of Strategic Education during the 3rd quarter worth $5,635,000. State Street Corp lifted its stake in shares of Strategic Education by 6.1% during the 3rd quarter. State Street Corp now owns 890,133 shares of the health services provider's stock worth $82,382,000 after purchasing an additional 50,980 shares during the period. Finally, Lightrock Netherlands B.V. purchased a new position in shares of Strategic Education during the 4th quarter worth $4,625,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

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Strategic Education Price Performance

NASDAQ STRA traded up $0.73 during trading hours on Friday, hitting $80.53. The company had a trading volume of 248,652 shares, compared to its average volume of 129,107. Strategic Education, Inc. has a fifty-two week low of $78.62 and a fifty-two week high of $123.62. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 1.22 and a beta of 0.59. The firm's 50 day moving average is $96.33 and its 200 day moving average is $94.75.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly 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). The company had revenue of $311.46 million during the quarter, compared to analyst estimates of $315.18 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. On average, equities analysts anticipate that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a $0.60 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.98%. Strategic Education's dividend payout ratio is currently 51.39%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barrington Research reduced their price target on Strategic Education from $135.00 to $120.00 and set an "outperform" rating on the stock in a research note on Thursday. StockNews.com raised Strategic Education from a "hold" rating to a "buy" rating in a research note on Wednesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Strategic Education has an average rating of "Buy" and an average target price of $122.25.

Insider Activity

In related news, CEO Raymond Karl Mcdonnell sold 31,855 shares of the firm'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 $3,116,374.65. Following the transaction, the chief executive officer now owns 140,281 shares in the company, valued at $13,723,690.23. This trade represents a 18.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel Wayne Jackson sold 6,025 shares of the firm'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 owns 81,756 shares in the company, valued at $7,998,189.48. This represents a 6.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company's stock.

Strategic Education 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.