Jane Street Group LLC Has $2.90 Million Stock Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Jane Street Group LLC lifted its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 72.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,989 shares of the health services provider’s stock after purchasing an additional 12,983 shares during the quarter. Jane Street Group LLC’s holdings in Strategic Education were worth $2,895,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Strategic Education during the 4th quarter worth $15,715,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Strategic Education by 207.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 175,141 shares of the health services provider’s stock worth $16,362,000 after acquiring an additional 118,151 shares in the last quarter. Barclays PLC raised its position in shares of Strategic Education by 202.3% during the fourth quarter. Barclays PLC now owns 114,765 shares of the health services provider’s stock worth $10,720,000 after purchasing an additional 76,804 shares during the period. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Strategic Education by 12.9% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,286 shares of the health services provider’s stock worth $57,760,000 after purchasing an additional 70,743 shares during the period. Finally, Lightrock Netherlands B.V. bought a new position in shares of Strategic Education during the 4th quarter valued at about $4,625,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Stock Up 0.3%

NASDAQ:STRA opened at $89.26 on Wednesday. Strategic Education, Inc. has a twelve month low of $74.28 and a twelve month high of $121.68. The business has a 50 day moving average price of $82.05 and a two-hundred day moving average price of $90.94. The company has a market cap of $2.16 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 1.22 and a beta of 0.52.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, April 24th. The health services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.29. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business had revenue of $303.59 million for the quarter, compared to analyst estimates of $300.67 million. During the same quarter in the previous year, the firm posted $1.11 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, analysts anticipate that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd will be given a dividend of $0.60 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 2.69%. Strategic Education’s dividend payout ratio (DPR) is presently 51.28%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Truist Financial set a $105.00 target price on Strategic Education in a research note on Thursday, April 24th. BMO Capital Markets increased their price objective on shares of Strategic Education from $97.00 to $98.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Barrington Research reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Strategic Education in a research report on Tuesday, April 15th. Finally, StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Friday, April 25th.

Insider Transactions at Strategic Education

In other news, General Counsel Lizette Benedi Herraiz sold 1,452 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $82.21, for a total value of $119,368.92. Following the completion of the sale, the general counsel now owns 61,716 shares of the company’s stock, valued at approximately $5,073,672.36. This represents a 2.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert R. Grusky sold 1,494 shares of the business’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $80.27, for a total transaction of $119,923.38. Following the transaction, the director now owns 11,349 shares in the company, valued at approximately $910,984.23. The trade was a 11.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,826 shares of company stock worth $3,945,093 in the last three months. Insiders own 3.30% of the company’s stock.

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.