Sanctuary Advisors LLC Makes New $1.01 Million Investment in Strategic Education Inc. $STRA

by · The Cerbat Gem

Sanctuary Advisors LLC purchased a new position in shares of Strategic Education Inc. (NASDAQ:STRA – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,228 shares of the health services provider’s stock, valued at approximately $1,014,000. Sanctuary Advisors LLC owned approximately 0.06% of Strategic Education as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in STRA. Allworth Financial LP increased its position in shares of Strategic Education by 88.5% in the 3rd quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock valued at $25,000 after buying an additional 138 shares in the last quarter. Axiom Investment Management LLC bought a new position in Strategic Education during the first quarter worth about $25,000. Hantz Financial Services Inc. lifted its holdings in Strategic Education by 154.2% during the fourth quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider’s stock worth $27,000 after acquiring an additional 202 shares in the last quarter. Osaic Holdings Inc. grew its stake in Strategic Education by 85.2% in the second quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock valued at $33,000 after acquiring an additional 178 shares during the period. Finally, Sankala Group LLC acquired a new position in Strategic Education in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Truist Financial raised their price target on Strategic Education from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Zacks Research lowered Strategic Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research note on Friday, July 17th. BMO Capital Markets increased their target price on Strategic Education from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Finally, Barrington Research set a $105.00 target price on shares of Strategic Education in a report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $95.33.

Check Out Our Latest Analysis on Strategic Education

Insider Transactions at Strategic Education

In other Strategic Education news, insider Christa Hokenson sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $80.00, for a total value of $160,000.00. Following the sale, the insider owned 65,195 shares in the company, valued at approximately $5,215,600. The trade was a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.60% of the company’s stock.

Strategic Education Trading Up 0.3%

STRA stock opened at $85.58 on Friday. The stock has a 50-day moving average price of $80.79 and a two-hundred day moving average price of $80.03. The stock has a market cap of $1.90 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.79 and a beta of 0.49. Strategic Education Inc. has a 1 year low of $69.70 and a 1 year high of $89.73.

Strategic Education (NASDAQ:STRA – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The health services provider reported $1.76 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.04). The firm had revenue of $321.60 million during the quarter, compared to the consensus estimate of $327.55 million. Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.54 earnings per share. On average, analysts forecast that Strategic Education Inc. will post 7.23 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, September 4th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 4th. Strategic Education’s dividend payout ratio (DPR) is currently 40.00%.

About Strategic Education

(Free Report)

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.

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