Ieq Capital LLC Makes New $512,000 Investment in Strategic Education, Inc. (NASDAQ:STRA)

Ieq Capital LLC bought a new position in Strategic Education, Inc. (NASDAQ:STRA) in the 4th quarter, Holdings Channel reports. The firm bought 5,482 shares of the health services provider’s stock, valued at approximately $512,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STRA. International Assets Investment Management LLC raised its position in Strategic Education by 10,374.4% in the 3rd quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider’s stock worth $18,467,000 after purchasing an additional 197,633 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Strategic Education by 76.7% during the third quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock valued at $36,941,000 after purchasing an additional 173,225 shares in the last quarter. Weiss Asset Management LP bought a new position in shares of Strategic Education during the third quarter valued at approximately $5,635,000. State Street Corp boosted its stake in shares of Strategic Education by 6.1% during the third quarter. State Street Corp now owns 890,133 shares of the health services provider’s stock valued at $82,382,000 after purchasing an additional 50,980 shares in the last quarter. Finally, Lightrock Netherlands B.V. purchased a new stake in Strategic Education during the fourth quarter valued at approximately $4,625,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STRA has been the subject of a number of analyst reports. Barrington Research reissued an “outperform” rating and set a $135.00 target price on shares of Strategic Education in a research report on Tuesday, January 21st. StockNews.com raised shares of Strategic Education from a “hold” rating to a “buy” rating in a report on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $126.00.

Strategic Education Stock Performance

STRA stock opened at $97.94 on Thursday. The firm has a market cap of $2.41 billion, a PE ratio of 18.66, a P/E/G ratio of 1.22 and a beta of 0.59. The firm’s fifty day moving average is $96.88 and its 200 day moving average is $94.93. Strategic Education, Inc. has a one year low of $85.11 and a one year high of $123.62.

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.45%. Strategic Education’s dividend payout ratio (DPR) is 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.