12,264 Shares in Strategic Education, Inc. (NASDAQ:STRA) Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC bought a new stake in shares of Strategic Education, Inc. (NASDAQ:STRA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,264 shares of the health services provider’s stock, valued at approximately $1,357,000.

Several other large investors have also recently bought and sold shares of the stock. Linden Thomas Advisory Services LLC boosted its holdings in shares of Strategic Education by 1.9% in the second quarter. Linden Thomas Advisory Services LLC now owns 13,667 shares of the health services provider’s stock valued at $1,512,000 after acquiring an additional 257 shares in the last quarter. CWM LLC boosted its stake in Strategic Education by 2,650.0% during the 2nd quarter. CWM LLC now owns 330 shares of the health services provider’s stock valued at $37,000 after purchasing an additional 318 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Strategic Education during the 2nd quarter valued at $36,000. SkyView Investment Advisors LLC raised its stake in shares of Strategic Education by 3.2% in the 1st quarter. SkyView Investment Advisors LLC now owns 7,651 shares of the health services provider’s stock worth $797,000 after buying an additional 236 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Strategic Education in the 1st quarter worth $738,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Activity at Strategic Education

In other Strategic Education news, Director Viet D. Dinh acquired 5,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $95.59 per share, for a total transaction of $477,950.00. Following the transaction, the director now owns 20,020 shares of the company’s stock, valued at approximately $1,913,711.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is owned by insiders.

Strategic Education Trading Up 0.5 %

STRA stock traded up $0.47 during mid-day trading on Friday, reaching $95.86. 12,732 shares of the stock traded hands, compared to its average volume of 121,346. The stock’s fifty day moving average is $108.13 and its 200-day moving average is $106.54. The company has a market cap of $2.36 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.05 and a beta of 0.57. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. Strategic Education, Inc. has a 52-week low of $72.44 and a 52-week high of $123.62.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Wednesday, July 31st. The health services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.19 by $0.14. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The business had revenue of $312.30 million during the quarter, compared to the consensus estimate of $308.16 million. During the same quarter in the prior year, the firm earned $0.82 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Strategic Education, Inc. will post 4.71 earnings per share for the current year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.50%. Strategic Education’s dividend payout ratio is 56.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. BMO Capital Markets lowered their target price on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Barrington Research boosted their target price on shares of Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Truist Financial lifted their price target on shares of Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.25.

About Strategic Education

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.