Strategic Education, Inc. (NASDAQ:STRA) Director Sells $42,875.00 in Stock

Strategic Education, Inc. (NASDAQ:STRA) Director Robert R. Grusky sold 350 shares of Strategic Education stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $122.50, for a total transaction of $42,875.00. Following the completion of the transaction, the director now owns 11,345 shares of the company’s stock, valued at $1,389,762.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Strategic Education Stock Down 1.5 %

STRA opened at $121.16 on Wednesday. The business’s fifty day simple moving average is $105.19 and its 200 day simple moving average is $96.21. Strategic Education, Inc. has a 52 week low of $64.53 and a 52 week high of $123.62. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. 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.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.60 by $0.51. The firm had revenue of $290.25 million for the quarter, compared to analyst estimates of $274.02 million. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. As a group, research analysts expect that Strategic Education, Inc. will post 5.01 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 3rd. Shareholders of record on Friday, May 24th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, May 23rd. Strategic Education’s dividend payout ratio (DPR) is presently 56.87%.

Institutional Investors Weigh In On Strategic Education

A number of hedge funds have recently made changes to their positions in STRA. Dimensional Fund Advisors LP raised its position in Strategic Education by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,334,695 shares of the health services provider’s stock worth $123,287,000 after purchasing an additional 65,507 shares during the period. Burgundy Asset Management Ltd. grew its stake in shares of Strategic Education by 2.1% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,137,961 shares of the health services provider’s stock valued at $105,113,000 after buying an additional 23,794 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Strategic Education by 155.7% in the third quarter. Envestnet Asset Management Inc. now owns 396,049 shares of the health services provider’s stock worth $29,803,000 after buying an additional 241,168 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Strategic Education by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 278,397 shares of the health services provider’s stock valued at $25,716,000 after acquiring an additional 6,296 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Strategic Education by 103.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider’s stock valued at $23,406,000 after acquiring an additional 128,961 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.