Insider Selling: Strategic Education (NASDAQ:STRA) General Counsel Sells 2,982 Shares of Stock

Strategic Education Inc. (NASDAQ:STRA - Get Free Report) General Counsel Lizette Benedi Herraiz sold 2,982 shares of Strategic Education stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $79.88, for a total transaction of $238,202.16. Following the sale, the general counsel owned 55,580 shares of the company's stock, valued at $4,439,730.40. The trade was a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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Lizette Benedi Herraiz also recently made the following trade(s):

• On Friday, March 13th, Lizette Benedi Herraiz sold 7,598 shares of Strategic Education stock. The shares were sold at an average price of $79.97, for a total transaction of $607,612.06.

Strategic Education Price Performance

NASDAQ STRA opened at $80.72 on Friday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 0.77 and a beta of 0.56. The stock's fifty day moving average price is $81.03 and its 200 day moving average price is $80.86. Strategic Education Inc. has a 1 year low of $72.17 and a 1 year high of $93.45.

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Strategic Education (NASDAQ:STRA - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The health services provider reported $1.74 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.27. The company had revenue of $311.46 million during the quarter, compared to analysts' expectations of $322.29 million. Strategic Education had a return on equity of 8.75% and a net margin of 9.98%.The firm's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.27 EPS. Research analysts expect that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were given a $0.60 dividend. The ex-dividend date was Monday, March 9th. This represents a $2.40 dividend on an annualized basis and a yield of 3.0%. Strategic Education's dividend payout ratio is currently 44.28%.

Institutional Investors Weigh In On Strategic Education

A number of institutional investors have recently added to or reduced their stakes in STRA. Bank of Montreal Can increased its holdings in Strategic Education by 62,355.4% in the 4th quarter. Bank of Montreal Can now owns 1,467,702 shares of the health services provider's stock worth $117,710,000 after acquiring an additional 1,465,352 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Strategic Education by 188.6% in the second quarter. AQR Capital Management LLC now owns 245,296 shares of the health services provider's stock valued at $20,882,000 after purchasing an additional 160,303 shares during the period. Lightrock Netherlands B.V. grew its position in shares of Strategic Education by 155.7% in the third quarter. Lightrock Netherlands B.V. now owns 234,719 shares of the health services provider's stock valued at $20,188,000 after purchasing an additional 142,915 shares during the period. Millennium Management LLC increased its stake in shares of Strategic Education by 115.4% during the third quarter. Millennium Management LLC now owns 216,117 shares of the health services provider's stock worth $18,588,000 after purchasing an additional 115,801 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Strategic Education during the second quarter worth about $9,615,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Wall Street Analysts Forecast Growth

STRA has been the subject of a number of recent research reports. Barrington Research reissued an "outperform" rating and set a $105.00 price target on shares of Strategic Education in a research report on Monday, January 26th. Zacks Research raised shares of Strategic Education from a "hold" rating to a "strong-buy" rating in a report on Monday, March 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Strategic Education in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised shares of Strategic Education from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $99.33.

View Our Latest Stock Report on Strategic Education

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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