Meadowbrook Advisors Group LLC Takes Position in Strategic Education Inc. $STRA

Meadowbrook Advisors Group LLC bought a new stake in Strategic Education Inc. (NASDAQ:STRA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,460 shares of the health services provider’s stock, valued at approximately $678,000.

A number of other institutional investors also recently added to or reduced their stakes in STRA. Allworth Financial LP increased its position in shares of Strategic Education by 88.5% in the 3rd quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock valued at $25,000 after purchasing an additional 138 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Strategic Education by 154.2% in the 4th quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 202 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Strategic Education by 85.2% during the 2nd quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock worth $33,000 after purchasing an additional 178 shares during the last quarter. Sankala Group LLC purchased a new stake in shares of Strategic Education during the 4th quarter worth $37,000. Finally, GAMMA Investing LLC grew its stake in shares of Strategic Education by 281.6% during the fourth quarter. GAMMA Investing LLC now owns 725 shares of the health services provider’s stock worth $58,000 after purchasing an additional 535 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

STRA has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a report on Tuesday, April 21st. BMO Capital Markets decreased their price target on Strategic Education from $95.00 to $86.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Zacks Research cut Strategic Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Truist Financial cut their target price on Strategic Education from $85.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.00.

Insider Transactions at Strategic Education

In other news, Director Michael Thawley bought 665 shares of Strategic Education stock in a transaction dated Friday, April 24th. The stock was acquired at an average cost of $72.71 per share, with a total value of $48,352.15. Following the acquisition, the director owned 12,154 shares of the company’s stock, valued at approximately $883,717.34. This trade represents a 5.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christa Hokenson sold 2,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $80.00, for a total value of $160,000.00. Following the completion of the sale, the insider directly owned 65,195 shares of the company’s stock, valued at approximately $5,215,600. This trade represents a 2.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is currently owned by insiders.

Strategic Education Price Performance

NASDAQ STRA opened at $75.33 on Friday. The firm’s fifty day moving average price is $78.91 and its 200 day moving average price is $80.42. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 0.70 and a beta of 0.51. Strategic Education Inc. has a 12 month low of $69.70 and a 12 month high of $88.50.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Thursday, April 23rd. The health services provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.09). Strategic Education had a return on equity of 8.78% and a net margin of 10.21%.The company had revenue of $305.93 million for the quarter, compared to analyst estimates of $329.81 million. During the same quarter in the prior year, the business earned $1.30 earnings per share. Strategic Education’s revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts forecast that Strategic Education Inc. will post 7.2 earnings per share for the current year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 22nd were given a dividend of $0.60 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.2%. Strategic Education’s payout ratio is 42.40%.

Strategic Education Company Profile

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.