Beck Bode LLC Makes New Investment in Strategic Education, Inc. (NASDAQ:STRA)

Beck Bode LLC bought a new stake in Strategic Education, Inc. (NASDAQ:STRA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,286 shares of the health services provider’s stock, valued at approximately $1,028,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of STRA. Dimensional Fund Advisors LP grew its stake in shares of Strategic Education by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider’s stock worth $160,212,000 after acquiring an additional 48,462 shares during the period. Burgundy Asset Management Ltd. increased its stake in shares of Strategic Education by 4.0% in the first quarter. Burgundy Asset Management Ltd. now owns 1,183,831 shares of the health services provider’s stock worth $123,260,000 after purchasing an additional 45,870 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Strategic Education by 7.4% in the second quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider’s stock worth $40,914,000 after purchasing an additional 25,455 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Strategic Education by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 278,397 shares of the health services provider’s stock valued at $25,716,000 after purchasing an additional 6,296 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Strategic Education by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 269,867 shares of the health services provider’s stock worth $29,864,000 after buying an additional 8,432 shares during the period. 93.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Strategic Education news, Director Viet D. Dinh purchased 5,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $95.59 per share, with a total value of $477,950.00. Following the completion of the purchase, the director now owns 20,020 shares of the company’s stock, valued at approximately $1,913,711.80. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.10% of the stock is owned by insiders.

Strategic Education Stock Down 0.8 %

Shares of NASDAQ STRA opened at $93.70 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average of $101.96 and a 200-day moving average of $106.53. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 1.04 and a beta of 0.56. Strategic Education, Inc. has a 12 month low of $74.43 and a 12 month high of $123.62.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Wednesday, July 31st. The health services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.14. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The company had revenue of $312.30 million during the quarter, compared to analyst estimates of $308.16 million. During the same period in the previous year, the business earned $0.82 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts expect that Strategic Education, Inc. will post 4.68 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a yield of 2.56%. Strategic Education’s payout ratio is 56.87%.

Wall Street Analyst Weigh In

STRA has been the topic of a number of analyst reports. StockNews.com lowered Strategic Education from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BMO Capital Markets decreased their price target on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Strategic Education has an average rating of “Moderate Buy” and an average target price of $132.25.

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.