Strategic Education, Inc. (NASDAQ:STRA) Shares Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC lifted its position in Strategic Education, Inc. (NASDAQ:STRA) by 64.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,902 shares of the health services provider’s stock after acquiring an additional 4,684 shares during the period. Strategic Education accounts for approximately 0.5% of EntryPoint Capital LLC’s investment portfolio, making the stock its biggest holding. EntryPoint Capital LLC’s holdings in Strategic Education were worth $1,112,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Strategic Education in the third quarter valued at about $37,000. R Squared Ltd acquired a new position in Strategic Education in the 4th quarter worth approximately $42,000. Smartleaf Asset Management LLC raised its position in Strategic Education by 394.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider’s stock worth $44,000 after buying an additional 383 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Strategic Education during the 4th quarter valued at approximately $96,000. Finally, KBC Group NV boosted its holdings in shares of Strategic Education by 53.3% in the 4th quarter. KBC Group NV now owns 1,044 shares of the health services provider’s stock valued at $98,000 after acquiring an additional 363 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael A. Mcrobbie bought 600 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $81.80 per share, for a total transaction of $49,080.00. Following the completion of the transaction, the director now directly owns 6,135 shares in the company, valued at $501,843. The trade was a 10.84 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel Wayne Jackson sold 6,025 shares of Strategic Education stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $589,425.75. Following the completion of the sale, the chief financial officer now directly owns 81,756 shares in the company, valued at $7,998,189.48. This represents a 6.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,332 shares of company stock valued at $3,825,169. 3.30% of the stock is owned by corporate insiders.

Strategic Education Stock Performance

STRA opened at $83.01 on Tuesday. The company has a fifty day moving average of $92.64 and a two-hundred day moving average of $93.06. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.22 and a beta of 0.59. Strategic Education, Inc. has a fifty-two week low of $78.43 and a fifty-two week high of $123.62.

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

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.60 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.89%. Strategic Education’s dividend payout ratio is currently 51.39%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. BMO Capital Markets lowered their target price 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, Barrington Research reduced their price target on Strategic Education from $135.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th.

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.