United Services Automobile Association Has $2.16 Million Position in Strategic Education Inc (STRA)

United Services Automobile Association decreased its holdings in Strategic Education Inc (NASDAQ:STRA) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,103 shares of the health services provider’s stock after selling 1,300 shares during the quarter. United Services Automobile Association owned approximately 0.17% of Strategic Education worth $2,159,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Victory Capital Management Inc. lifted its holdings in Strategic Education by 15.9% in the second quarter. Victory Capital Management Inc. now owns 3,491 shares of the health services provider’s stock valued at $395,000 after buying an additional 480 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Strategic Education by 9.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 5,972 shares of the health services provider’s stock valued at $675,000 after buying an additional 510 shares during the period. Russell Investments Group Ltd. lifted its holdings in Strategic Education by 9.5% in the second quarter. Russell Investments Group Ltd. now owns 6,706 shares of the health services provider’s stock valued at $758,000 after buying an additional 584 shares during the period. Rhumbline Advisers lifted its holdings in Strategic Education by 3.2% in the second quarter. Rhumbline Advisers now owns 25,726 shares of the health services provider’s stock valued at $2,907,000 after buying an additional 798 shares during the period. Finally, Stifel Financial Corp lifted its holdings in Strategic Education by 30.7% in the first quarter. Stifel Financial Corp now owns 4,244 shares of the health services provider’s stock valued at $429,000 after buying an additional 997 shares during the period. 99.93% of the stock is currently owned by institutional investors.

Shares of NASDAQ STRA opened at $128.30 on Friday. Strategic Education Inc has a 1-year low of $80.75 and a 1-year high of $138.97. The stock has a market cap of $1.49 billion, a PE ratio of 41.12, a P/E/G ratio of 3.00 and a beta of 0.89.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Wednesday, August 1st. The health services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.03. Strategic Education had a net margin of 3.14% and a return on equity of 18.39%. The firm had revenue of $114.70 million for the quarter, compared to analyst estimates of $115.65 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Sell-side analysts forecast that Strategic Education Inc will post 4.39 EPS for the current fiscal year.

In other news, Chairman Robert S. Silberman sold 33,000 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $123.86, for a total transaction of $4,087,380.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director H James Dallas acquired 1,625 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were bought at an average price of $123.60 per share, for a total transaction of $200,850.00. The disclosure for this purchase can be found here. Insiders have sold 217,000 shares of company stock worth $27,283,030 in the last quarter. Company insiders own 3.70% of the company’s stock.

Several research firms recently issued reports on STRA. ValuEngine upgraded shares of Strategic Education from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Piper Jaffray Companies boosted their target price on shares of Strategic Education to $165.00 and gave the company an “overweight” rating in a report on Thursday, August 2nd. BidaskClub upgraded shares of Strategic Education from a “hold” rating to a “buy” rating in a report on Saturday, June 23rd. Zacks Investment Research lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Finally, BMO Capital Markets upped their price objective on shares of Strategic Education to $152.00 and gave the company an “outperform” rating in a report on Friday, August 24th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $144.40.

Strategic Education Profile

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.

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Institutional Ownership by Quarter for Strategic Education (NASDAQ:STRA)

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