Strategic Education, Inc. (NASDAQ:STRA - Get Free Report) Director Robert R. Grusky sold 250 shares of the business's stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $118.55, for a total value of $29,637.50. Following the completion of the transaction, the director now directly owns 11,695 shares in the company, valued at $1,386,442.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Strategic Education Price Performance
Shares of NASDAQ:STRA opened at $123.00 on Tuesday. Strategic Education, Inc. has a twelve month low of $64.53 and a twelve month high of $123.62. The stock's 50 day moving average is $104.15 and its 200-day moving average is $95.61. 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 firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 1.23 and a beta of 0.45.
Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.51. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. The business had revenue of $290.25 million during the quarter, compared to analyst estimates of $274.02 million. Sell-side analysts forecast that Strategic Education, Inc. will post 5.01 EPS for the current fiscal year.
Strategic Education Announces Dividend
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The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, May 23rd. Strategic Education's payout ratio is presently 56.87%.
Institutional Investors Weigh In On Strategic Education
Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new position in Strategic Education during the 4th quarter valued at about $73,000. VisionPoint Advisory Group LLC boosted its position in shares of 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 valued at $82,000 after buying an additional 236 shares during the last quarter. TFO Wealth Partners LLC grew its holdings in Strategic Education by 118,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,181 shares of the health services provider's stock worth $109,000 after buying an additional 1,180 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Strategic Education in the 4th quarter valued at $236,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in Strategic Education in the 4th quarter valued at $272,000. Institutional investors and hedge funds own 93.27% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Strategic Education from $123.00 to $130.00 and gave the stock an "outperform" rating in a report on Monday, April 29th. Barrington Research lifted their price objective on shares of Strategic Education from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Thursday, April 25th. TheStreet raised shares of Strategic Education from a "c+" rating to a "b" rating in a research note on Thursday, February 29th. Bank of America lifted their price target on shares of Strategic Education from $104.00 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Finally, StockNews.com upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a report on Friday, April 26th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $133.50.
Check Out Our Latest Stock Report on STRA
Strategic Education Company Profile
(
Get Free Report)
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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