Thurston Springer Miller Herd & Titak Inc. Makes New $36,000 Investment in Strategic Education, Inc. (NASDAQ:STRA)

Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Strategic Education, Inc. (NASDAQ:STRA) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 324 shares of the health services provider’s stock, valued at approximately $36,000.

Several other institutional investors have also modified their holdings of STRA. SkyView Investment Advisors LLC boosted its stake in Strategic Education by 3.2% during the 1st quarter. SkyView Investment Advisors LLC now owns 7,651 shares of the health services provider’s stock valued at $797,000 after purchasing an additional 236 shares during the period. Quadrature Capital Ltd bought a new position in Strategic Education in the 1st quarter worth approximately $738,000. CANADA LIFE ASSURANCE Co grew its holdings in Strategic Education by 2.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 35,276 shares of the health services provider’s stock worth $3,669,000 after buying an additional 770 shares in the last quarter. Burgundy Asset Management Ltd. increased its position in Strategic Education by 4.0% in the 1st quarter. Burgundy Asset Management Ltd. now owns 1,183,831 shares of the health services provider’s stock valued at $123,260,000 after acquiring an additional 45,870 shares during the period. Finally, Covestor Ltd raised its stake in Strategic Education by 32.8% during the 1st quarter. Covestor Ltd now owns 984 shares of the health services provider’s stock valued at $103,000 after acquiring an additional 243 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Strategic Education Price Performance

Shares of STRA traded down $0.91 during midday trading on Tuesday, reaching $93.35. The stock had a trading volume of 105,904 shares, compared to its average volume of 122,661. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.57 and a quick ratio of 1.49. The company has a market capitalization of $2.30 billion, a P/E ratio of 22.17, a P/E/G ratio of 0.92 and a beta of 0.57. The firm’s 50 day moving average price is $111.32 and its 200-day moving average price is $106.81. Strategic Education, Inc. has a 52 week low of $72.44 and a 52 week high of $123.62.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Wednesday, July 31st. The health services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. The firm had revenue of $312.30 million during the quarter, compared to analysts’ expectations of $308.16 million. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. On average, analysts forecast that Strategic Education, Inc. will post 4.71 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, September 6th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a yield of 2.57%. Strategic Education’s payout ratio is presently 56.87%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Truist Financial upped their price objective on shares of Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, April 26th. BMO Capital Markets lowered their target price on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Finally, Barrington Research boosted their price target on shares of Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.25.

Insider Buying and Selling at Strategic Education

In related news, Director Viet D. Dinh purchased 5,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $95.59 per share, with a total value of $477,950.00. Following the completion of the purchase, the director now owns 20,020 shares of the company’s stock, valued at approximately $1,913,711.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.10% of the company’s stock.

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.