Ghe LLC Sells 180 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Ghe LLC cut its stake in shares of Strategic Education, Inc. (NASDAQ:STRA) by 7.1% during the 4th quarter, HoldingsChannel reports. The firm owned 2,351 shares of the health services provider’s stock after selling 180 shares during the period. Ghe LLC’s holdings in Strategic Education were worth $218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in Strategic Education during the 3rd quarter worth approximately $37,000. R Squared Ltd bought a new stake in Strategic Education during the 4th quarter worth approximately $42,000. Allspring Global Investments Holdings LLC bought a new stake in Strategic Education during the 3rd quarter worth approximately $55,000. Pacer Advisors Inc. bought a new stake in Strategic Education during the 4th quarter worth approximately $96,000. Finally, KBC Group NV grew its holdings in Strategic Education by 53.3% during the 4th quarter. KBC Group NV now owns 1,044 shares of the health services provider’s stock worth $98,000 after acquiring an additional 363 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Strategic Education Stock Performance

NASDAQ:STRA opened at $101.72 on Monday. The firm’s fifty day moving average is $96.94 and its 200-day moving average is $94.86. Strategic Education, Inc. has a 52 week low of $85.11 and a 52 week high of $123.62. The firm has a market cap of $2.50 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.22 and a beta of 0.59.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, December 2nd. Strategic Education’s dividend payout ratio is currently 45.71%.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and set a $135.00 target price on shares of Strategic Education in a report on Tuesday, January 21st. One equities research 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 company currently has an average rating of “Moderate Buy” and an average target price of $126.00.

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.