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

Inceptionr LLC purchased a new position in shares of Strategic Education, Inc. (NASDAQ:STRA) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 3,323 shares of the health services provider’s stock, valued at approximately $310,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STRA. Handelsbanken Fonder AB grew its stake in Strategic Education by 17.8% during the 4th quarter. Handelsbanken Fonder AB now owns 5,960 shares of the health services provider’s stock worth $557,000 after buying an additional 900 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Strategic Education by 19.7% during the third quarter. Thrivent Financial for Lutherans now owns 43,755 shares of the health services provider’s stock worth $4,050,000 after acquiring an additional 7,203 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Strategic Education by 1,337.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,495 shares of the health services provider’s stock worth $794,000 after acquiring an additional 7,904 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Strategic Education by 76.7% during the third quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock valued at $36,941,000 after acquiring an additional 173,225 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Strategic Education by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 120,628 shares of the health services provider’s stock valued at $11,164,000 after purchasing an additional 12,437 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Strategic Education Stock Up 0.0 %

Strategic Education stock opened at $83.33 on Monday. The stock has a 50-day moving average price of $95.22 and a 200 day moving average price of $94.27. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Strategic Education, Inc. has a 52 week low of $78.43 and a 52 week high of $123.62.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, February 27th. The health services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.10). The business had revenue of $311.46 million for the quarter, compared to analyst estimates of $315.18 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. Research analysts anticipate that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.88%. The ex-dividend date is Monday, March 10th. Strategic Education’s payout ratio is 51.39%.

Insiders Place Their Bets

In other Strategic Education news, CFO Daniel Wayne Jackson sold 6,025 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $589,425.75. Following the sale, the chief financial officer now owns 81,756 shares in the company, valued at approximately $7,998,189.48. This represents a 6.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the sale, the chief executive officer now directly owns 140,281 shares in the company, valued at $13,723,690.23. The trade was a 18.51 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

STRA has been the topic of several research analyst reports. StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets lowered their price objective on shares of Strategic Education from $114.00 to $97.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Finally, Barrington Research cut their target price 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.

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.