Strategic Education, Inc. (NASDAQ:STRA - Get Free Report) Director Robert R. Grusky sold 462 shares of the company's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $120.99, for a total value of $55,897.38. Following the sale, the director now owns 11,945 shares of the company's stock, valued at approximately $1,445,225.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Strategic Education Stock Performance
NASDAQ:STRA opened at $114.75 on Thursday. The firm's 50-day moving average is $102.75 and its 200-day moving average is $94.86. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.31 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. Strategic Education, Inc. has a 52-week low of $64.53 and a 52-week high of $121.29.
Strategic Education (NASDAQ:STRA - Get Free Report) last issued its quarterly 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. 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%. Equities research analysts anticipate that Strategic Education, Inc. will post 4.83 earnings per share for the current year.
Strategic Education Announces Dividend
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The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.09%. Strategic Education's payout ratio is 56.87%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of 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 valued at $123,287,000 after buying an additional 65,507 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in Strategic Education by 2.1% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,137,961 shares of the health services provider's stock worth $105,113,000 after purchasing an additional 23,794 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Strategic Education by 155.7% during the third quarter. Envestnet Asset Management Inc. now owns 396,049 shares of the health services provider's stock worth $29,803,000 after purchasing an additional 241,168 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Strategic Education by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 278,397 shares of the health services provider's stock valued at $25,716,000 after purchasing an additional 6,296 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Strategic Education by 103.6% in 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 purchasing an additional 128,961 shares during the period. 93.27% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts recently weighed in on STRA shares. Bank of America boosted their target price on Strategic Education from $104.00 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. StockNews.com upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a research note on Friday, April 26th. Truist Financial upped their price target on shares of Strategic Education from $125.00 to $145.00 and gave the company a "buy" rating in a report on Friday, April 26th. BMO Capital Markets boosted their price objective on Strategic Education from $123.00 to $130.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, TheStreet raised Strategic Education from a "c+" rating to a "b" rating in a report on Thursday, February 29th. 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.
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About Strategic Education
(
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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.
Further Reading
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