T. Rowe Price Investment Management Inc. Raises Position in Strategic Education Inc. $STRA

T. Rowe Price Investment Management Inc. grew its position in shares of Strategic Education Inc. (NASDAQ:STRA) by 0.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,268,407 shares of the health services provider’s stock after buying an additional 2,443 shares during the quarter. T. Rowe Price Investment Management Inc. owned 9.39% of Strategic Education worth $190,456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in STRA. Sterling Capital Management LLC lifted its position in Strategic Education by 809.1% in the 4th quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider’s stock valued at $65,000 after acquiring an additional 623 shares in the last quarter. Significant Wealth Partners LLC lifted its holdings in shares of Strategic Education by 17.3% during the first quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider’s stock valued at $226,000 after purchasing an additional 396 shares in the last quarter. NBC Securities Inc. boosted its position in shares of Strategic Education by 105,000.0% during the first quarter. NBC Securities Inc. now owns 3,153 shares of the health services provider’s stock valued at $264,000 after buying an additional 3,150 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Strategic Education by 36.7% during the first quarter. International Assets Investment Management LLC now owns 3,251 shares of the health services provider’s stock valued at $273,000 after buying an additional 872 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in Strategic Education by 7.5% in the 4th quarter. Bank of Montreal Can now owns 3,542 shares of the health services provider’s stock worth $331,000 after buying an additional 246 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Strategic Education Stock Performance

STRA opened at $79.37 on Thursday. The firm’s 50 day simple moving average is $80.48 and its two-hundred day simple moving average is $84.78. The company has a market capitalization of $1.90 billion, a PE ratio of 16.50, a PEG ratio of 0.93 and a beta of 0.58. Strategic Education Inc. has a 1-year low of $72.25 and a 1-year high of $104.51.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Wednesday, July 30th. The health services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Strategic Education had a net margin of 9.27% and a return on equity of 7.52%. The firm had revenue of $321.47 million during the quarter, compared to the consensus estimate of $322.84 million. During the same quarter in the previous year, the firm posted $1.33 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts forecast that Strategic Education Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.40 annualized dividend and a dividend yield of 3.0%. Strategic Education’s dividend payout ratio (DPR) is 49.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STRA. BMO Capital Markets dropped their price target on shares of Strategic Education from $98.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Truist Financial set a $105.00 target price on shares of Strategic Education in a report on Thursday, April 24th. Barrington Research reiterated an “outperform” rating and set a $105.00 target price on shares of Strategic Education in a research note on Wednesday, July 30th. Finally, Wall Street Zen downgraded Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $99.33.

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.