24,418 Shares in Strategic Education Inc. $STRA Acquired by Deutsche Bank AG

Deutsche Bank AG purchased a new position in Strategic Education Inc. (NASDAQ:STRA) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 24,418 shares of the health services provider’s stock, valued at approximately $1,871,000.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of Strategic Education by 88.5% during the third quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock worth $25,000 after acquiring an additional 138 shares during the last quarter. Axiom Investment Management LLC purchased a new position in Strategic Education during the first quarter valued at $25,000. Hantz Financial Services Inc. increased its holdings in Strategic Education by 154.2% in 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. Osaic Holdings Inc. increased its holdings in Strategic Education by 85.2% in 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, Sankala Group LLC purchased a new stake in Strategic Education in the 4th quarter worth $37,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on STRA shares. Zacks Research downgraded shares of Strategic Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Wall Street Zen raised Strategic Education from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Truist Financial boosted their target price on Strategic Education from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Barrington Research set a $105.00 price target on Strategic Education in a research note on Wednesday, July 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Strategic Education in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Strategic Education presently has a consensus rating of “Hold” and an average target price of $95.33.

Strategic Education Stock Down 1.1%

Shares of NASDAQ:STRA opened at $84.64 on Friday. Strategic Education Inc. has a 52 week low of $69.70 and a 52 week high of $89.73. The stock has a market capitalization of $1.88 billion, a P/E ratio of 14.11, a PEG ratio of 0.79 and a beta of 0.49. The firm has a fifty day simple moving average of $80.97 and a two-hundred day simple moving average of $80.07.

Strategic Education (NASDAQ:STRA) last announced its earnings results 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 business had revenue of $321.60 million for the quarter, compared to analysts’ expectations of $327.55 million. Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.54 earnings per share. On average, analysts expect that Strategic Education Inc. will post 7.23 earnings per share for the current year.

Strategic Education Dividend Announcement

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

Insiders Place Their Bets

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

Strategic Education 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.