Strategic Education Inc. $STRA Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its position in Strategic Education Inc. (NASDAQ:STRA) by 61.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 75,669 shares of the health services provider’s stock after selling 120,788 shares during the period. JPMorgan Chase & Co.’s holdings in Strategic Education were worth $6,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in STRA. Orion Porfolio Solutions LLC increased its position in Strategic Education by 1.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,367 shares of the health services provider’s stock valued at $806,000 after acquiring an additional 129 shares during the period. Allworth Financial LP increased its holdings in shares of Strategic Education by 88.5% during the third 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 period. Osaic Holdings Inc. raised its stake in shares of Strategic Education by 85.2% during the second quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock valued at $33,000 after purchasing an additional 178 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Strategic Education by 13.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,827 shares of the health services provider’s stock valued at $157,000 after purchasing an additional 216 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Strategic Education by 15.4% in the third quarter. Covestor Ltd now owns 1,764 shares of the health services provider’s stock worth $151,000 after purchasing an additional 235 shares during the period. Institutional investors own 93.27% of the company’s stock.

Strategic Education Stock Up 0.6%

Shares of NASDAQ STRA opened at $82.96 on Wednesday. Strategic Education Inc. has a 12 month low of $72.17 and a 12 month high of $93.45. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 0.79 and a beta of 0.56. The business has a fifty day simple moving average of $80.86 and a 200-day simple moving average of $80.84.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Thursday, February 26th. The health services provider reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.27. Strategic Education had a net margin of 9.98% and a return on equity of 8.75%. The firm had revenue of $311.46 million during the quarter, compared to analyst estimates of $322.29 million. During the same quarter last year, the business posted $1.27 EPS. The company’s revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts expect that Strategic Education Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, March 9th. Strategic Education’s dividend payout ratio (DPR) is 44.28%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and issued a $105.00 price objective on shares of Strategic Education in a report on Monday, January 26th. Zacks Research upgraded Strategic Education from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Wall Street Zen lowered Strategic Education from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Truist Financial cut Strategic Education from a “buy” rating to a “hold” rating and lowered their price target for the company from $95.00 to $85.00 in a research report on Tuesday, March 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.67.

Insiders Place Their Bets

In related news, CEO Raymond Karl Mcdonnell sold 38,840 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $75.35, for a total transaction of $2,926,594.00. Following the transaction, the chief executive officer directly owned 106,332 shares of the company’s stock, valued at approximately $8,012,116.20. The trade was a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel Wayne Jackson sold 13,000 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $82.37, for a total value of $1,070,810.00. Following the transaction, the chief financial officer directly owned 100,096 shares in the company, valued at $8,244,907.52. The trade was a 11.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 62,420 shares of company stock worth $4,843,218. 3.60% of the stock is owned by corporate insiders.

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.