Ieq Capital LLC Acquires Shares of 26,094 Strategic Education Inc. $STRA

Ieq Capital LLC acquired a new stake in shares of Strategic Education Inc. (NASDAQ:STRA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,094 shares of the health services provider’s stock, valued at approximately $1,999,000. Ieq Capital LLC owned approximately 0.12% of Strategic Education as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Orion Porfolio Solutions LLC boosted its stake in Strategic Education by 1.4% during the third quarter. Orion Porfolio Solutions LLC now owns 9,367 shares of the health services provider’s stock valued at $806,000 after buying an additional 129 shares during the last quarter. ProShare Advisors LLC increased its stake in Strategic Education by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 4,538 shares of the health services provider’s stock worth $364,000 after acquiring an additional 133 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Strategic Education by 88.5% during the 3rd quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock worth $25,000 after acquiring an additional 138 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Strategic Education by 85.2% during the 2nd quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock valued at $33,000 after acquiring an additional 178 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Strategic Education by 154.2% during the 4th quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider’s stock valued at $27,000 after acquiring an additional 202 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on STRA. Wall Street Zen raised shares of Strategic Education from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Zacks Research downgraded Strategic Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a report on Friday, July 17th. Barrington Research set a $105.00 target price on Strategic Education in a research report on Wednesday, July 29th. Finally, Truist Financial increased their price target on Strategic Education from $80.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $95.33.

Insider Transactions at Strategic Education

In other Strategic Education news, insider Christa Hokenson sold 2,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $80.00, for a total value of $160,000.00. Following the transaction, the insider owned 65,195 shares of the company’s stock, valued at $5,215,600. This represents a 2.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is currently owned by insiders.

Strategic Education Trading Up 2.4%

Shares of NASDAQ:STRA opened at $86.03 on Wednesday. Strategic Education Inc. has a 12 month low of $69.70 and a 12 month high of $89.73. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 0.77 and a beta of 0.49. The firm’s 50-day moving average is $80.38 and its 200 day moving average is $79.97.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Wednesday, July 29th. The health services provider reported $1.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.04). The firm had revenue of $321.60 million during the quarter, compared to the consensus estimate of $327.55 million. Strategic Education had a return on equity of 8.98% and a net margin of 10.46%.The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.54 EPS. As a group, equities analysts forecast that Strategic Education Inc. will post 7.23 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, September 4th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.8%. Strategic Education’s payout ratio is presently 40.00%.

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.