Semanteon Capital Management LP Buys 336 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Semanteon Capital Management LP boosted its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,771 shares of the health services provider’s stock after purchasing an additional 336 shares during the quarter. Semanteon Capital Management LP owned about 0.05% of Strategic Education worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its position in Strategic Education by 17.8% during the fourth quarter. Handelsbanken Fonder AB now owns 5,960 shares of the health services provider’s stock valued at $557,000 after acquiring an additional 900 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Strategic Education by 19.7% during the third quarter. Thrivent Financial for Lutherans now owns 43,755 shares of the health services provider’s stock worth $4,050,000 after purchasing an additional 7,203 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Strategic Education by 1,337.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,495 shares of the health services provider’s stock worth $794,000 after purchasing an additional 7,904 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Strategic Education by 76.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock worth $36,941,000 after buying an additional 173,225 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Strategic Education by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 120,628 shares of the health services provider’s stock valued at $11,164,000 after buying an additional 12,437 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Strategic Education Price Performance

Shares of Strategic Education stock opened at $82.03 on Friday. Strategic Education, Inc. has a 1 year low of $78.43 and a 1 year high of $123.62. The stock has a market cap of $2.02 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The firm has a fifty day moving average price of $93.04 and a 200 day moving average price of $93.28.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, February 27th. The health services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.10). The company had revenue of $311.46 million during the quarter, compared to analysts’ expectations of $315.18 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. As a group, equities analysts expect that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Monday, March 10th. Strategic Education’s dividend payout ratio (DPR) is 51.39%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barrington Research dropped their price target on Strategic Education from $135.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. BMO Capital Markets lowered their price target on Strategic Education from $114.00 to $97.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Finally, StockNews.com lowered Strategic Education from a “buy” rating to a “hold” rating in a report on Thursday, March 6th.

Insider Activity at Strategic Education

In related news, CFO Daniel Wayne Jackson sold 6,025 shares of Strategic Education stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $589,425.75. Following the completion of the transaction, the chief financial officer now owns 81,756 shares in the company, valued at $7,998,189.48. The trade was a 6.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $3,116,374.65. Following the transaction, the chief executive officer now directly owns 140,281 shares of the company’s stock, valued at approximately $13,723,690.23. The trade was a 18.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,332 shares of company stock worth $3,825,169 in the last three months. Company insiders own 3.30% of the company’s stock.

Strategic Education 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.