Robert R. Grusky Sells 250 Shares of Strategic Education, Inc. (NASDAQ:STRA) Stock

Strategic Education, Inc. (NASDAQ:STRA) Director Robert R. Grusky sold 250 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $118.55, for a total transaction of $29,637.50. Following the transaction, the director now owns 11,695 shares of the company’s stock, valued at approximately $1,386,442.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Strategic Education Price Performance

NASDAQ:STRA opened at $121.16 on Wednesday. Strategic Education, Inc. has a one year low of $64.53 and a one year high of $123.62. The stock has a market cap of $2.98 billion, a PE ratio of 28.71, a P/E/G ratio of 1.23 and a beta of 0.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a 50 day moving average price of $105.19 and a 200 day moving average price of $96.21.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, April 25th. The health services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.51. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. The company had revenue of $290.25 million during the quarter, compared to analysts’ expectations of $274.02 million. Equities research analysts expect that Strategic Education, Inc. will post 5.01 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 24th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, May 23rd. Strategic Education’s dividend payout ratio (DPR) is presently 56.87%.

Wall Street Analysts Forecast Growth

STRA has been the subject of several research reports. Truist Financial boosted their price objective on Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Bank of America boosted their price target on Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. TheStreet raised shares of Strategic Education from a “c+” rating to a “b” rating in a research note on Thursday, February 29th. Finally, Barrington Research increased their target price on shares of Strategic Education from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $133.50.

Hedge Funds Weigh In On Strategic Education

Several institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in shares of Strategic Education during the 4th quarter valued at approximately $73,000. VisionPoint Advisory Group LLC increased its stake in Strategic Education by 27.8% during the third quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock worth $82,000 after acquiring an additional 236 shares during the last quarter. TFO Wealth Partners LLC raised its position in Strategic Education by 118,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,181 shares of the health services provider’s stock valued at $109,000 after purchasing an additional 1,180 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Strategic Education in the 4th quarter valued at $236,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of Strategic Education in the 4th quarter valued at $272,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

About Strategic Education

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.