Amundi Has $1.18 Million Stock Position in Strategic Education, Inc. (NASDAQ:STRA)

Amundi boosted its stake in Strategic Education, Inc. (NASDAQ:STRA) by 174.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,703 shares of the health services provider’s stock after acquiring an additional 8,067 shares during the period. Amundi’s holdings in Strategic Education were worth $1,182,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in Strategic Education by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the health services provider’s stock worth $281,000 after purchasing an additional 191 shares in the last quarter. Inceptionr LLC bought a new position in shares of Strategic Education in the fourth quarter valued at $310,000. Raymond James Financial Inc. bought a new stake in Strategic Education during the 4th quarter worth approximately $1,708,000. Victory Capital Management Inc. grew its holdings in Strategic Education by 32.9% during the fourth quarter. Victory Capital Management Inc. now owns 76,200 shares of the health services provider’s stock worth $7,119,000 after buying an additional 18,855 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Strategic Education by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 324,676 shares of the health services provider’s stock valued at $30,331,000 after purchasing an additional 10,949 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Price Performance

Shares of STRA opened at $79.97 on Wednesday. The firm has a market cap of $1.97 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.22 and a beta of 0.59. Strategic Education, Inc. has a 1 year low of $78.43 and a 1 year high of $123.62. The stock has a 50 day simple moving average of $93.48 and a two-hundred day simple moving average of $93.44.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.10). Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm had revenue of $311.46 million during the quarter, compared to the consensus estimate of $315.18 million. On average, equities analysts anticipate that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Monday, March 10th. Strategic Education’s dividend payout ratio (DPR) is presently 51.39%.

Insider Buying and Selling

In related news, CEO Raymond Karl Mcdonnell sold 31,855 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the sale, the chief executive officer now directly owns 140,281 shares of the company’s stock, valued at $13,723,690.23. This trade represents a 18.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael A. Mcrobbie bought 600 shares of the business’s stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $81.80 per share, with a total value of $49,080.00. Following the transaction, the director now owns 6,135 shares in the company, valued at $501,843. This trade represents a 10.84 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 39,332 shares of company stock valued at $3,825,169 over the last quarter. Corporate insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on STRA. Barrington Research cut their price objective on Strategic Education from $135.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. BMO Capital Markets lowered their price objective on Strategic Education from $114.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Finally, StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th.

About Strategic Education

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.