Ingalls & Snyder LLC Acquires 691 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Ingalls & Snyder LLC lifted its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA) by 3.2% in the 3rd quarter, Holdings Channel reports. The firm owned 21,975 shares of the health services provider’s stock after acquiring an additional 691 shares during the period. Ingalls & Snyder LLC’s holdings in Strategic Education were worth $2,034,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. HighTower Advisors LLC grew its position 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 acquiring an additional 218 shares in the last quarter. Centiva Capital LP bought a new stake in Strategic Education during the third quarter worth about $431,000. Benjamin Edwards Inc. purchased a new position in shares of Strategic Education in the 3rd quarter worth about $723,000. Paloma Partners Management Co bought a new position in shares of Strategic Education during the 3rd quarter valued at about $639,000. Finally, PDT Partners LLC raised its holdings in shares of Strategic Education by 74.1% during the 3rd quarter. PDT Partners LLC now owns 7,957 shares of the health services provider’s stock valued at $736,000 after buying an additional 3,386 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Truist Financial cut 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. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Finally, Barrington Research restated an “outperform” rating and set a $135.00 price target on shares of Strategic Education in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Strategic Education currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

Strategic Education Stock Performance

Shares of Strategic Education stock opened at $99.54 on Wednesday. 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 $91.99 and its 200-day moving average price is $100.67. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 1.38 and a beta of 0.59.

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

Strategic Education Announces Dividend

The firm 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 dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.41%. Strategic Education’s dividend payout ratio is presently 45.71%.

About Strategic Education

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.