Semanteon Capital Management LP Acquires New Holdings in Strategic Education, Inc. (NASDAQ:STRA)

Semanteon Capital Management LP acquired a new stake in shares of Strategic Education, Inc. (NASDAQ:STRA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,872 shares of the health services provider’s stock, valued at approximately $358,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STRA. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Strategic Education by 24.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,711 shares of the health services provider’s stock valued at $435,000 after buying an additional 924 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Strategic Education during the fourth quarter valued at approximately $236,000. Louisiana State Employees Retirement System purchased a new stake in Strategic Education during the fourth quarter valued at approximately $1,016,000. International Assets Investment Management LLC increased its holdings in Strategic Education by 6,377.0% during the fourth quarter. International Assets Investment Management LLC now owns 178,182 shares of the health services provider’s stock valued at $16,459,000 after buying an additional 175,431 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Strategic Education by 4.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 16,246 shares of the health services provider’s stock valued at $1,517,000 after buying an additional 667 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Strategic Education Trading Up 3.4 %

STRA traded up $4.02 on Friday, reaching $121.06. 303,411 shares of the company traded hands, compared to its average volume of 97,873. Strategic Education, Inc. has a one year low of $64.53 and a one year high of $121.29. The firm has a fifty day simple moving average of $101.89 and a two-hundred day simple moving average of $94.19. The company has a market cap of $2.98 billion, a P/E ratio of 41.74, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, April 25th. The health services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.51. Strategic Education had a net margin of 6.16% and a return on equity of 5.52%. The company had revenue of $290.25 million during the quarter, compared to analyst estimates of $274.02 million. As a group, equities research analysts expect that Strategic Education, Inc. will post 4.61 earnings per share for the current year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.98%. Strategic Education’s payout ratio is 82.76%.

Insider Activity at Strategic Education

In other Strategic Education news, CFO Daniel Wayne Jackson sold 3,713 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total transaction of $356,262.35. Following the transaction, the chief financial officer now owns 71,770 shares of the company’s stock, valued at approximately $6,886,331.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Raymond Karl Mcdonnell sold 12,820 shares of Strategic Education stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total value of $1,230,591.80. Following the transaction, the chief executive officer now owns 161,359 shares of the company’s stock, valued at approximately $15,488,850.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daniel Wayne Jackson sold 3,713 shares of Strategic Education stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total transaction of $356,262.35. Following the completion of the transaction, the chief financial officer now directly owns 71,770 shares in the company, valued at approximately $6,886,331.50. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Barrington Research increased their price objective on shares of Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday. Truist Financial increased their price objective on shares of Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday. TheStreet raised shares of Strategic Education from a “c+” rating to a “b” rating in a research note on Thursday, February 29th. Finally, BMO Capital Markets increased their price objective on shares of Strategic Education from $103.00 to $123.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.75.

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.