PDT Partners LLC Has $736,000 Stock Holdings in Strategic Education, Inc. (NASDAQ:STRA)

PDT Partners LLC increased its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 74.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,957 shares of the health services provider’s stock after buying an additional 3,386 shares during the quarter. PDT Partners LLC’s holdings in Strategic Education were worth $736,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in STRA. Daiwa Securities Group Inc. raised its position in shares of Strategic Education by 46.3% during the second quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider’s stock worth $44,000 after purchasing an additional 125 shares during the period. Arizona State Retirement System raised its holdings in Strategic Education by 2.6% during the second quarter. Arizona State Retirement System now owns 6,199 shares of the health services provider’s stock worth $686,000 after buying an additional 160 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Strategic Education by 8.7% in the second quarter. Evergreen Capital Management LLC now owns 2,160 shares of the health services provider’s stock valued at $239,000 after buying an additional 172 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Strategic Education by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the health services provider’s stock valued at $1,217,000 after buying an additional 200 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Strategic Education by 12.8% during the third quarter. US Bancorp DE now owns 1,938 shares of the health services provider’s stock worth $179,000 after acquiring an additional 220 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Strategic Education Stock Up 1.2 %

Strategic Education stock opened at $99.35 on Tuesday. Strategic Education, Inc. has a 52 week low of $85.11 and a 52 week high of $123.62. The company’s 50 day moving average price is $91.86 and its two-hundred day moving average price is $100.82. The stock has a market cap of $2.44 billion, a P/E ratio of 18.92, a P/E/G ratio of 1.38 and a beta of 0.57.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. The business had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. Strategic Education’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. On average, equities analysts anticipate that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Monday, December 2nd. Strategic Education’s dividend payout ratio (DPR) is currently 45.71%.

Wall Street Analysts Forecast Growth

STRA has been the topic of several recent research reports. StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Barrington Research reaffirmed an “outperform” rating and set a $135.00 target price on shares of Strategic Education in a research report on Thursday, November 7th. Finally, Truist Financial lowered their price target on Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Strategic Education currently has an average rating of “Moderate Buy” and a consensus price target of $126.00.

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.