Lightrock Netherlands B.V. Buys New Shares in Strategic Education, Inc. (NASDAQ:STRA)

Lightrock Netherlands B.V. purchased a new stake in shares of Strategic Education, Inc. (NASDAQ:STRA) in the 4th quarter, Holdings Channel reports. The fund purchased 49,262 shares of the health services provider’s stock, valued at approximately $4,625,000.

A number of other hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings in shares of Strategic Education by 10,374.4% in the 3rd quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider’s stock valued at $18,467,000 after buying an additional 197,633 shares during the last quarter. JPMorgan Chase & Co. raised its position in Strategic Education by 76.7% during the third quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock worth $36,941,000 after acquiring an additional 173,225 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Strategic Education in the third quarter valued at $5,635,000. State Street Corp grew its position in shares of Strategic Education by 6.1% in the 3rd quarter. State Street Corp now owns 890,133 shares of the health services provider’s stock valued at $82,382,000 after acquiring an additional 50,980 shares during the period. Finally, Barclays PLC increased its stake in shares of Strategic Education by 334.3% during the 3rd quarter. Barclays PLC now owns 37,961 shares of the health services provider’s stock worth $3,513,000 after purchasing an additional 29,220 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Strategic Education Stock Up 0.5 %

Strategic Education stock opened at $100.05 on Tuesday. The company’s 50-day moving average price is $96.46 and its two-hundred day moving average price is $94.99. The stock has a market cap of $2.46 billion, a P/E ratio of 19.06, a P/E/G ratio of 1.19 and a beta of 0.59. Strategic Education, Inc. has a twelve month low of $85.11 and a twelve month high of $123.62.

Strategic Education Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 annualized dividend and a yield of 2.40%. Strategic Education’s payout ratio is currently 45.71%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barrington Research reiterated an “outperform” rating and set a $135.00 price target on shares of Strategic Education in a report on Tuesday, January 21st. Truist Financial reduced their target price on Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Strategic Education has a consensus rating of “Moderate Buy” and an average target price 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.