Key Points
- Strategic Education General Counsel Lizette Benedi Herraiz sold 7,598 shares on March 13 at an average price of $79.97 for about $607,612, reducing her stake by 11.48% to 58,562 shares (≈$4.68M).
- The company reported a quarterly EPS of $1.74, beating estimates by $0.27 while revenue was $311.46M (below the $322.29M estimate) and the stock traded down about 1.9% to roughly $79.26.
- Strategic Education pays a quarterly dividend of $0.60 ($2.40 annualized, ~3.0% yield) and carries a consensus analyst rating of "Buy" with a $99.33 average price target.
Strategic Education Inc. (NASDAQ:STRA - Get Free Report) Chairman Robert Silberman purchased 718 shares of the company's stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $80.82 per share, for a total transaction of $58,028.76. Following the purchase, the chairman directly owned 319,870 shares in the company, valued at approximately $25,851,893.40. This trade represents a 0.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Strategic Education Price Performance
STRA stock opened at $79.26 on Tuesday. The stock has a market capitalization of $1.79 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.77 and a beta of 0.56. The business has a 50-day moving average of $81.26 and a 200-day moving average of $80.87. Strategic Education Inc. has a fifty-two week low of $72.17 and a fifty-two week high of $93.45.
Strategic Education (NASDAQ:STRA - Get Free Report) last announced its earnings results on Thursday, February 26th. The health services provider reported $1.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.27. The business had revenue of $311.46 million for the quarter, compared to analyst estimates of $322.29 million. Strategic Education had a return on equity of 8.75% and a net margin of 9.98%.Strategic Education's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 EPS. Equities analysts expect that Strategic Education Inc. will post 4.79 EPS for the current year.
Strategic Education Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, March 9th. Strategic Education's dividend payout ratio (DPR) is currently 44.28%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Strategic Education in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Strategic Education from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 28th. Barrington Research reiterated an "outperform" rating and issued a $105.00 price target on shares of Strategic Education in a research note on Monday, January 26th. Finally, Zacks Research raised shares of Strategic Education from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $99.33.
Check Out Our Latest Research Report on STRA
Hedge Funds Weigh In On Strategic Education
A number of institutional investors have recently added to or reduced their stakes in the company. Lightrock Netherlands B.V. grew its position in shares of Strategic Education by 155.7% in the 3rd quarter. Lightrock Netherlands B.V. now owns 234,719 shares of the health services provider's stock valued at $20,188,000 after acquiring an additional 142,915 shares during the period. Bastion Asset Management Inc. acquired a new stake in Strategic Education in the 3rd quarter valued at about $1,175,000. Y Intercept Hong Kong Ltd grew its holdings in Strategic Education by 158.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 25,438 shares of the health services provider's stock worth $2,188,000 after purchasing an additional 15,588 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Strategic Education by 56.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 262,035 shares of the health services provider's stock worth $22,307,000 after purchasing an additional 94,955 shares during the period. Finally, Summit Global Investments acquired a new position in Strategic Education during the second quarter worth approximately $325,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.
About Strategic Education
(
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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