1 week Ago By Defense World Staff
Geode Capital Management LLC lessened its stake in shares of Strategic Education, Inc. (NASDAQ:STRA – Free Report) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 560,081 shares of the health services provider’s stock after selling 1,193 shares during the quarter. Geode Capital Management LLC owned about 2.28% of Strategic Education worth $52,335,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. HighTower Advisors LLC boosted its holdings in Strategic Education by 9.8% in the third quarter.
HighTower Advisors LLC now owns 2,448 shares of the health services provider’s stock worth $228,000 after purchasing an additional 218 shares during the last quarter. State Street Corp grew its holdings in shares of Strategic Education by 6.1% in the third quarter.
State Street Corp now owns 890,133 shares of the health services provider’s stock worth $82,382,000 after acquiring an additional 50,980 shares during the period. XTX Topco Ltd purchased a new stake in Strategic Education during the third quarter valued at $221,000. Barclays PLC lifted its holdings in Strategic Education by 334.
3% in the third quarter. Barclays PLC now owns 37,961 shares of the health services provider’s stock valued at $3,513,000 after acquiring an additional 29,220 shares during the period. Finally, Virtu Financial LLC purchased a new position in Strategic Education in the third quarter worth about $206,000.
93.27% of the stock is currently owned by institutional investors. Strategic Education Stock Down 1.
1 %NASDAQ STRA opened at $77.79 on Monday. Strategic Education, Inc.
has a twelve month low of $76.20 and a twelve month high of $123.62.
The business has a 50-day moving average price of $87.65 and a 200-day moving average price of $91.81.
The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 1.
22 and a beta of 0.58. Strategic Education (NASDAQ:STRA – Get Free Report) last announced its quarterly earnings data on Thursday, February 27th.
The health services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.
10). Strategic Education had a net margin of 10.44% and a return on equity of 7.
61%. The company had revenue of $311.46 million for the quarter, compared to analysts’ expectations of $315.
18 million. Research analysts expect that Strategic Education, Inc. will post 4.
79 EPS for the current fiscal year. Strategic Education Dividend AnnouncementThe business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.
60 dividend. This represents a $2.40 annualized dividend and a yield of 3.
09%. The ex-dividend date of this dividend was Monday, March 10th. Strategic Education’s payout ratio is currently 51.
39%. Insider Buying and Selling at Strategic EducationIn other news, General Counsel Lizette Benedi Herraiz sold 1,452 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $82.
21, for a total transaction of $119,368.92. Following the completion of the transaction, the general counsel now directly owns 61,716 shares in the company, valued at approximately $5,073,672.
36. This represents a 2.30 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel Wayne Jackson sold 6,025 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $97.
83, for a total transaction of $589,425.75. Following the completion of the sale, the chief financial officer now owns 81,756 shares in the company, valued at $7,998,189.
48. This represents a 6.86 % decrease in their position.
The disclosure for this sale can be found here. Insiders sold 39,332 shares of company stock valued at $3,825,169 in the last 90 days. Insiders own 3.
30% of the company’s stock. Analyst Upgrades and DowngradesSTRA has been the subject of a number of research reports. StockNews.
com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Barrington Research lowered their price objective on Strategic Education from $135.00 to $120.
00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Finally, BMO Capital Markets decreased their target price on shares of Strategic Education from $114.00 to $97.
00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd.Check Out Our Latest Stock Analysis on STRAStrategic Education Profile (Free Report)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.
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