Y Intercept Hong Kong Ltd Acquires 5,724 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Y Intercept Hong Kong Ltd increased its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA) by 256.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,956 shares of the health services provider’s stock after purchasing an additional 5,724 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Strategic Education were worth $736,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of STRA. Marshfield Associates lifted its stake in Strategic Education by 0.5% in the 2nd quarter. Marshfield Associates now owns 1,820,621 shares of the health services provider’s stock valued at $201,470,000 after acquiring an additional 9,171 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Strategic Education by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider’s stock valued at $160,212,000 after purchasing an additional 48,462 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in Strategic Education by 2.1% during the second quarter. Burgundy Asset Management Ltd. now owns 1,209,100 shares of the health services provider’s stock worth $133,799,000 after buying an additional 25,269 shares during the last quarter. State Street Corp raised its holdings in shares of Strategic Education by 6.1% in the 3rd quarter. State Street Corp now owns 890,133 shares of the health services provider’s stock valued at $82,382,000 after purchasing an additional 50,980 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its stake in Strategic Education by 0.6% in the second quarter. Disciplined Growth Investors Inc. MN now owns 450,928 shares of the health services provider’s stock valued at $49,900,000 after buying an additional 2,749 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STRA has been the topic of several research analyst reports. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Truist Financial reduced their target price on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Barrington Research restated an “outperform” rating and set a $135.00 price objective on shares of Strategic Education in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.

Strategic Education Stock Down 1.1 %

Shares of STRA stock opened at $99.01 on Friday. The business has a fifty day simple moving average of $93.49 and a 200 day simple moving average of $99.82. The company has a market cap of $2.43 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.38 and a beta of 0.59. Strategic Education, Inc. has a twelve month low of $85.11 and a twelve month high of $123.62.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $0.81 by $0.35. The business had revenue of $305.96 million during the quarter, compared to the consensus estimate of $301.62 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. As a group, equities research analysts anticipate that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $0.60 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.40 annualized dividend and a yield of 2.42%. Strategic Education’s dividend payout ratio is presently 45.71%.

About Strategic Education

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.