Strategic Education Inc. (NASDAQ:STRA - Get Free Report) CEO Raymond Karl Mcdonnell sold 38,840 shares of the company's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $75.35, for a total transaction of $2,926,594.00. Following the transaction, the chief executive officer owned 106,332 shares in the company, valued at $8,012,116.20. The trade was a 26.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Strategic Education Price Performance
Shares of NASDAQ STRA opened at $78.41 on Friday. Strategic Education Inc. has a 12-month low of $72.17 and a 12-month high of $93.45. The firm's 50-day moving average is $81.03 and its two-hundred day moving average is $80.68. The company has a market capitalization of $1.84 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 0.78 and a beta of 0.55.
Strategic Education (NASDAQ:STRA - Get Free Report) last released its earnings results on Thursday, February 26th. The health services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.27. The firm had revenue of $311.46 million for the quarter, compared to the consensus estimate of $322.29 million. Strategic Education had a return on equity of 8.18% and a net margin of 9.08%.The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.27 earnings per share. On average, analysts forecast that Strategic Education Inc. will post 4.79 EPS for the current fiscal year.
Strategic Education Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be paid a $0.60 dividend. The ex-dividend date is Monday, March 9th. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. Strategic Education's dividend payout ratio is 49.90%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in STRA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Strategic Education by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,195 shares of the health services provider's stock valued at $1,360,000 after acquiring an additional 487 shares in the last quarter. Jane Street Group LLC boosted its stake in Strategic Education by 40.2% during the 1st quarter. Jane Street Group LLC now owns 43,433 shares of the health services provider's stock valued at $3,647,000 after purchasing an additional 12,444 shares during the period. Brighton Jones LLC acquired a new stake in shares of Strategic Education in the second quarter worth $211,000. Envestnet Asset Management Inc. increased its holdings in shares of Strategic Education by 6.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 449,578 shares of the health services provider's stock worth $38,273,000 after purchasing an additional 26,029 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its position in shares of Strategic Education by 61.5% during the second quarter. Y Intercept Hong Kong Ltd now owns 9,850 shares of the health services provider's stock valued at $839,000 after purchasing an additional 3,751 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Strategic Education in a report on Thursday, January 22nd. Barrington Research reaffirmed an "outperform" rating and set a $105.00 target price on shares of Strategic Education in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $99.33.
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Strategic Education News Roundup
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Strategic Education Company Profile
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Get Free Report)
Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.
Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.
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