35,246 Shares in Strategic Education, Inc. (NASDAQ:STRA) Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D acquired a new position in Strategic Education, Inc. (NASDAQ:STRA – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,246 shares of the health services provider’s stock, valued at approximately $2,164,000. State of New Jersey Common Pension Fund D owned about 0.14% of Strategic Education as of its most recent SEC filing.

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A number of other hedge funds also recently added to or reduced their stakes in STRA. Rice Hall James & Associates LLC raised its stake in Strategic Education by 3.2% during the 1st quarter. Rice Hall James & Associates LLC now owns 276,273 shares of the health services provider’s stock valued at $18,339,000 after buying an additional 8,438 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Strategic Education by 3.1% in the 1st quarter. Bank of New York Mellon Corp now owns 420,922 shares of the health services provider’s stock worth $27,940,000 after acquiring an additional 12,646 shares in the last quarter. US Bancorp DE grew its stake in Strategic Education by 585.2% in the 1st quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock worth $86,000 after acquiring an additional 1,106 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Strategic Education by 9.7% during the first quarter. Citigroup Inc. now owns 19,819 shares of the health services provider’s stock valued at $1,316,000 after purchasing an additional 1,746 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Strategic Education by 16.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the health services provider’s stock valued at $95,000 after acquiring an additional 199 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STRA has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their price objective on shares of Strategic Education from $82.00 to $88.00 in a report on Friday, November 11th. StockNews.com upgraded shares of Strategic Education from a “hold” rating to a “buy” rating in a research report on Thursday, November 3rd.

Strategic Education Stock Performance

Shares of STRA opened at $87.78 on Wednesday. The company has a market capitalization of $2.15 billion, a PE ratio of 42.41, a P/E/G ratio of 1.72 and a beta of 0.53. Strategic Education, Inc. has a 52-week low of $48.01 and a 52-week high of $89.76. The company has a 50-day simple moving average of $81.17 and a 200-day simple moving average of $71.95. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.09.

Strategic Education (NASDAQ:STRA – Get Rating) last posted its quarterly earnings results on Thursday, November 3rd. The health services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. The firm had revenue of $263.10 million for the quarter, compared to analyst estimates of $260.41 million. Strategic Education had a net margin of 4.69% and a return on equity of 4.14%. Strategic Education’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 earnings per share. Equities research analysts predict that Strategic Education, Inc. will post 2.66 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 5th. Shareholders of record on Monday, November 28th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Friday, November 25th. Strategic Education’s dividend payout ratio is presently 115.94%.

Strategic Education Company Profile

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Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company operates Strayer University that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice 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 an executive MBA online through its Jack Welch Management Institute.

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