10,164 Shares in Strategic Education Inc. $STRA Acquired by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in Strategic Education Inc. (NASDAQ:STRA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,164 shares of the health services provider’s stock, valued at approximately $779,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP grew its holdings in Strategic Education by 88.5% in the third quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock valued at $25,000 after purchasing an additional 138 shares during the last quarter. Axiom Investment Management LLC acquired a new position in shares of Strategic Education during the 1st quarter worth $25,000. Hantz Financial Services Inc. boosted its position in shares of Strategic Education by 154.2% in the 4th quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider’s stock worth $27,000 after buying an additional 202 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Strategic Education by 85.2% in the 2nd quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock worth $33,000 after buying an additional 178 shares in the last quarter. Finally, Sankala Group LLC acquired a new stake in Strategic Education in the 4th quarter valued at about $37,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STRA has been the subject of several recent research reports. BMO Capital Markets raised their target price on shares of Strategic Education from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Truist Financial upped their price target on shares of Strategic Education from $80.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Wall Street Zen upgraded shares of Strategic Education from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Barrington Research set a $105.00 price objective on shares of 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 research report on Friday, July 17th. Two 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, the company currently has an average rating of “Hold” and a consensus price target of $95.33.

Strategic Education Stock Performance

Strategic Education stock opened at $81.59 on Monday. The stock has a 50-day moving average price of $81.49 and a 200 day moving average price of $80.28. Strategic Education Inc. has a 52 week low of $69.70 and a 52 week high of $89.73. The stock has a market cap of $1.81 billion, a PE ratio of 13.60, a P/E/G ratio of 0.75 and a beta of 0.49.

Strategic Education (NASDAQ:STRA) last released its earnings results on Wednesday, July 29th. The health services provider reported $1.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.04). Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. The firm had revenue of $321.60 million during the quarter, compared to analysts’ expectations of $327.55 million. During the same quarter last year, the company posted $1.54 earnings per share. Strategic Education’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts predict that Strategic Education Inc. will post 7.23 EPS for the current year.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, September 4th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.9%. Strategic Education’s dividend payout ratio is presently 40.00%.

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.