PDT Partners LLC Buys 3,386 Shares of Strategic Education, Inc. (NASDAQ:STRA)

PDT Partners LLC raised its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 74.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,957 shares of the health services provider’s stock after purchasing an additional 3,386 shares during the period. PDT Partners LLC’s holdings in Strategic Education were worth $736,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Marshfield Associates boosted its position in Strategic Education by 0.5% during the second quarter. Marshfield Associates now owns 1,820,621 shares of the health services provider’s stock worth $201,470,000 after purchasing an additional 9,171 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Strategic Education by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider’s stock worth $160,212,000 after buying an additional 48,462 shares during the period. Burgundy Asset Management Ltd. grew its stake in Strategic Education by 2.1% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,209,100 shares of the health services provider’s stock valued at $133,799,000 after buying an additional 25,269 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in Strategic Education by 0.6% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 450,928 shares of the health services provider’s stock valued at $49,900,000 after acquiring an additional 2,749 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Strategic Education by 7.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider’s stock valued at $40,914,000 after acquiring an additional 25,455 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Stock Performance

Strategic Education stock opened at $99.35 on Tuesday. Strategic Education, Inc. has a fifty-two week low of $85.11 and a fifty-two week high of $123.62. The stock has a market cap of $2.44 billion, a P/E ratio of 18.92, a PEG ratio of 1.38 and a beta of 0.57. The firm’s fifty day moving average price is $91.86 and its 200-day moving average price is $100.82.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. During the same period in the prior year, the company earned $0.97 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts predict that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Monday, December 2nd. Strategic Education’s dividend payout ratio is currently 45.71%.

Analyst Ratings Changes

STRA has been the subject of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Strategic Education in a report on Thursday, November 7th. StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, Truist Financial decreased their price target on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Strategic Education currently has an average rating of “Moderate Buy” and an average target price of $126.00.

Strategic Education 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.