Semanteon Capital Management LP Buys 10,609 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Semanteon Capital Management LP raised its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 581.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,435 shares of the health services provider’s stock after purchasing an additional 10,609 shares during the period. Semanteon Capital Management LP’s holdings in Strategic Education were worth $1,151,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of STRA. Thurston Springer Miller Herd & Titak Inc. bought a new position in Strategic Education during the 2nd quarter worth $36,000. Meeder Asset Management Inc. bought a new position in Strategic Education during the 2nd quarter worth $36,000. CWM LLC raised its position in shares of Strategic Education by 2,650.0% in the 2nd quarter. CWM LLC now owns 330 shares of the health services provider’s stock worth $37,000 after acquiring an additional 318 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Strategic Education in the 2nd quarter worth about $38,000. Finally, Rothschild Investment LLC bought a new position in shares of Strategic Education in the 2nd quarter worth about $38,000. 93.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. BMO Capital Markets lowered their price objective on Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. StockNews.com lowered Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Barrington Research reissued an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research report on Thursday, September 26th. Finally, Truist Financial lowered their price objective on Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.

Strategic Education Stock Up 0.6 %

Strategic Education stock traded up $0.51 during midday trading on Monday, reaching $86.36. The stock had a trading volume of 1,707 shares, compared to its average volume of 127,402. Strategic Education, Inc. has a 12 month low of $80.34 and a 12 month high of $123.62. The company has a market capitalization of $2.13 billion, a P/E ratio of 17.63, a PEG ratio of 1.23 and a beta of 0.56. The company has a fifty day moving average price of $91.97 and a two-hundred day moving average price of $103.69. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Wednesday, July 31st. The health services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. Strategic Education had a return on equity of 7.47% and a net margin of 9.84%. The business had revenue of $312.30 million during the quarter, compared to analyst estimates of $308.16 million. During the same period in the previous year, the company posted $0.82 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Strategic Education, Inc. will post 4.65 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Friday, September 6th. Strategic Education’s payout ratio is 49.28%.

Insider Activity at Strategic Education

In related news, Director Viet D. Dinh purchased 5,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $95.59 per share, for a total transaction of $477,950.00. Following the purchase, the director now owns 20,020 shares of the company’s stock, valued at approximately $1,913,711.80. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

Strategic Education 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.