Ingalls & Snyder LLC Sells 1,724 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Ingalls & Snyder LLC reduced its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 7.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,251 shares of the health services provider’s stock after selling 1,724 shares during the quarter. Ingalls & Snyder LLC owned about 0.08% of Strategic Education worth $1,892,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Strategic Education during the third quarter worth $37,000. R Squared Ltd bought a new position in Strategic Education during the fourth quarter worth about $42,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Strategic Education during the 3rd quarter worth about $55,000. Pacer Advisors Inc. bought a new stake in shares of Strategic Education in the 4th quarter valued at about $96,000. Finally, KBC Group NV raised its position in shares of Strategic Education by 53.3% in the 4th quarter. KBC Group NV now owns 1,044 shares of the health services provider’s stock valued at $98,000 after acquiring an additional 363 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 restated an “outperform” rating and set a $135.00 price objective on shares of Strategic Education in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $126.00.

Strategic Education Price Performance

Shares of Strategic Education stock opened at $101.39 on Friday. The company has a market capitalization of $2.49 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 1.19 and a beta of 0.59. The business has a 50-day moving average of $96.54 and a two-hundred day moving average of $94.94. Strategic Education, Inc. has a 1 year low of $85.11 and a 1 year high of $123.62.

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 paid a dividend of $0.60 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.37%. Strategic Education’s payout ratio is 45.71%.

Strategic Education Company 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.