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

Calamos Advisors LLC bought a new stake in Strategic Education, Inc. (NASDAQ:STRA) in the fourth quarter, HoldingsChannel.com reports. The firm bought 24,943 shares of the health services provider’s stock, valued at approximately $2,330,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Strategic Education in the 3rd quarter valued at about $37,000. R Squared Ltd bought a new stake in shares of Strategic Education in the fourth quarter valued at approximately $42,000. Allspring Global Investments Holdings LLC acquired a new stake in Strategic Education during the third quarter worth approximately $55,000. Pacer Advisors Inc. bought a new position in Strategic Education during the 4th quarter worth $96,000. Finally, KBC Group NV raised its holdings in Strategic Education by 53.3% in the 4th quarter. KBC Group NV now owns 1,044 shares of the health services provider’s stock valued at $98,000 after acquiring an additional 363 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Truist Financial reduced their target price on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Barrington Research reissued an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Strategic Education has an average rating of “Moderate Buy” and an average price target of $126.00.

Strategic Education Stock Up 2.5 %

NASDAQ:STRA opened at $100.51 on Wednesday. Strategic Education, Inc. has a twelve month low of $85.11 and a twelve month high of $123.62. The stock’s 50-day simple moving average is $96.39 and its 200 day simple moving average is $95.51. The firm has a market capitalization of $2.47 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.16 and a beta of 0.59.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.35. The company had revenue of $305.96 million for the quarter, compared to the consensus estimate of $301.62 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.97 EPS. On average, analysts anticipate that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.60 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.39%. Strategic Education’s payout ratio is presently 45.71%.

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.