Walleye Capital LLC Invests $865,000 in Strategic Education Inc. $STRA

Walleye Capital LLC bought a new stake in Strategic Education Inc. (NASDAQ:STRA) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,428 shares of the health services provider’s stock, valued at approximately $865,000.

Several other hedge funds have also modified their holdings of the stock. Bank of Montreal Can boosted its holdings in Strategic Education by 62,355.4% in the 4th quarter. Bank of Montreal Can now owns 1,467,702 shares of the health services provider’s stock worth $117,710,000 after acquiring an additional 1,465,352 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Strategic Education by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,458,740 shares of the health services provider’s stock worth $121,017,000 after purchasing an additional 7,346 shares in the last quarter. State Street Corp boosted its stake in shares of Strategic Education by 0.8% in the fourth quarter. State Street Corp now owns 881,089 shares of the health services provider’s stock valued at $70,663,000 after purchasing an additional 6,737 shares during the period. Geode Capital Management LLC boosted its stake in shares of Strategic Education by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 609,040 shares of the health services provider’s stock valued at $48,853,000 after purchasing an additional 1,579 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Strategic Education by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 351,969 shares of the health services provider’s stock valued at $28,228,000 after purchasing an additional 12,244 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Price Performance

Shares of STRA opened at $75.64 on Friday. The business’s fifty day moving average price is $78.68 and its 200 day moving average price is $80.21. Strategic Education Inc. has a 12-month low of $69.70 and a 12-month high of $87.38. The stock has a market capitalization of $1.71 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 0.69 and a beta of 0.50.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Thursday, April 23rd. The health services provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.09). The business had revenue of $305.93 million during the quarter, compared to analyst estimates of $329.81 million. Strategic Education had a return on equity of 8.78% and a net margin of 10.21%.The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 EPS. As a group, research analysts anticipate that Strategic Education Inc. will post 7.2 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Christa Hokenson sold 2,000 shares of Strategic Education stock in a transaction dated 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 directly owned 65,195 shares of the company’s stock, valued at approximately $5,215,600. The trade was a 2.98% decrease in their position. The transaction was disclosed in a filing 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.

Analysts Set New Price Targets

Several research firms recently issued reports on STRA. Zacks Research downgraded shares of Strategic Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. BMO Capital Markets upped their price objective on shares of Strategic Education from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Truist Financial lowered their target price on Strategic Education from $85.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Barrington Research dropped their target price on Strategic Education from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Finally, Wall Street Zen downgraded Strategic Education from a “buy” rating to a “hold” rating in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.67.

Strategic Education Company 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.