PDT Partners LLC Purchases Shares of 45,953 Strategic Education Inc. $STRA

PDT Partners LLC acquired a new stake in Strategic Education Inc. (NASDAQ:STRA) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 45,953 shares of the health services provider’s stock, valued at approximately $3,521,000. PDT Partners LLC owned about 0.21% of Strategic Education as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Strategic Education in the second quarter worth $291,189,000. Bank of Montreal Can raised its stake in shares of Strategic Education by 62,355.4% during the fourth quarter. Bank of Montreal Can now owns 1,467,702 shares of the health services provider’s stock valued at $117,710,000 after acquiring an additional 1,465,352 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Strategic Education by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,458,740 shares of the health services provider’s stock valued at $121,017,000 after acquiring an additional 7,346 shares in the last quarter. State Street Corp raised its position in shares of Strategic Education by 0.8% in the 4th quarter. State Street Corp now owns 881,089 shares of the health services provider’s stock worth $70,663,000 after acquiring an additional 6,737 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Strategic Education by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 609,040 shares of the health services provider’s stock worth $48,853,000 after purchasing an additional 1,579 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on STRA shares. Weiss Ratings restated a “hold (c)” rating on shares of Strategic Education in a research report on Friday, July 17th. Barrington Research set a $105.00 price target on Strategic Education in a report on Wednesday, July 29th. Zacks Research lowered Strategic Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. BMO Capital Markets lifted their target price on Strategic Education from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Finally, Wall Street Zen upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Strategic Education has a consensus rating of “Hold” and a consensus price target of $95.33.

Insider Transactions at Strategic Education

In related news, insider Christa Hokenson sold 2,000 shares of Strategic Education stock in a transaction that occurred on 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 transaction, the insider owned 65,195 shares in the company, valued at approximately $5,215,600. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.60% of the company’s stock.

Strategic Education Stock Performance

Shares of Strategic Education stock opened at $85.31 on Thursday. The company has a market cap of $1.89 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 0.79 and a beta of 0.49. Strategic Education Inc. has a fifty-two week low of $69.70 and a fifty-two week high of $89.73. The firm has a 50-day simple moving average of $80.58 and a two-hundred day simple moving average of $80.00.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Wednesday, July 29th. The health services provider reported $1.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.04). Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. The company had revenue of $321.60 million for the quarter, compared to analysts’ expectations of $327.55 million. During the same period in the previous year, the business earned $1.54 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts forecast that Strategic Education Inc. will post 7.23 EPS for the current year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, September 4th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.8%. Strategic Education’s payout ratio is presently 40.00%.

Strategic Education 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.