D.A. Davidson & CO. Has $1 Million Position in Strategic Education, Inc. (NASDAQ:STRA)

D.A. Davidson & CO. lifted its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 10.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,708 shares of the health services provider’s stock after purchasing an additional 1,048 shares during the quarter. D.A. Davidson & CO.’s holdings in Strategic Education were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in STRA. CIBC Asset Management Inc bought a new position in Strategic Education in the fourth quarter valued at about $222,000. Principal Financial Group Inc. increased its stake in shares of Strategic Education by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 124,428 shares of the health services provider’s stock valued at $11,624,000 after buying an additional 3,800 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Strategic Education by 8.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 22,129 shares of the health services provider’s stock valued at $2,067,000 after buying an additional 1,776 shares during the last quarter. Rhumbline Advisers raised its holdings in Strategic Education by 2.0% in the 4th quarter. Rhumbline Advisers now owns 71,384 shares of the health services provider’s stock valued at $6,669,000 after buying an additional 1,413 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Strategic Education by 1,337.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,495 shares of the health services provider’s stock worth $794,000 after buying an additional 7,904 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an “outperform” rating and set a $135.00 price target on shares of Strategic Education in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Strategic Education presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

Strategic Education Price Performance

Shares of STRA stock opened at $101.72 on Monday. The stock has a market capitalization of $2.50 billion, a PE ratio of 19.38, a PEG ratio of 1.22 and a beta of 0.59. The business’s 50 day simple moving average is $96.94 and its 200 day simple moving average is $94.86. Strategic Education, Inc. has a one year low of $85.11 and a one year high of $123.62.

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Monday, December 2nd. Strategic Education’s dividend payout ratio is currently 45.71%.

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.