Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Strategic Education, Inc. (NASDAQ:STRA – Get Rating) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 13,503 shares of the health services provider's stock, valued at approximately $953,000. Mirae Asset Global Investments Co. Ltd. owned 0.05% of Strategic Education as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of STRA. Kempen Capital Management N.V. grew its holdings in shares of Strategic Education by 19.8% during the 1st quarter. Kempen Capital Management N.V. now owns 1,010,202 shares of the health services provider's stock worth $67,056,000 after purchasing an additional 166,895 shares during the period. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Strategic Education by 53.4% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 394,071 shares of the health services provider's stock worth $26,158,000 after purchasing an additional 137,148 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Strategic Education by 149.3% during the 1st quarter. Victory Capital Management Inc. now owns 202,401 shares of the health services provider's stock worth $13,075,000 after purchasing an additional 121,216 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Strategic Education by 19.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 659,560 shares of the health services provider's stock worth $43,783,000 after purchasing an additional 105,375 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Strategic Education by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 2,538,802 shares of the health services provider's stock worth $168,526,000 after purchasing an additional 103,533 shares during the period. Hedge funds and other institutional investors own 97.23% of the company's stock.
Get Strategic Education alerts:Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on STRA. Barrington Research boosted their target price on Strategic Education from $75.00 to $85.00 in a report on Wednesday, July 27th. StockNews.com lowered Strategic Education from a "buy" rating to a "hold" rating in a research report on Thursday, October 13th. Finally, Truist Financial boosted their price target on Strategic Education from $65.00 to $75.00 in a research report on Thursday, July 28th.
Strategic Education Stock Performance
Strategic Education stock opened at $64.34 on Friday. The stock's 50 day moving average price is $64.60 and its 200 day moving average price is $66.38. The firm has a market capitalization of $1.59 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 1.64 and a beta of 0.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.68 and a current ratio of 1.68. Strategic Education, Inc. has a one year low of $48.01 and a one year high of $75.03.
Strategic Education (NASDAQ:STRA – Get Rating) last announced its earnings results on Wednesday, July 27th. The health services provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.03). Strategic Education had a net margin of 4.45% and a return on equity of 4.44%. The business had revenue of $273.56 million during the quarter, compared to analyst estimates of $275.88 million. During the same period in the previous year, the company earned $1.55 earnings per share. The business's revenue for the quarter was down 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Strategic Education, Inc. will post 2.66 EPS for the current fiscal year.
Strategic Education Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, September 2nd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Thursday, September 1st. Strategic Education's payout ratio is 121.21%.
Strategic Education Profile
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Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company operates Strayer University that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice 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 an executive MBA online through its Jack Welch Management Institute.
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