Strategic Education, Inc. (NASDAQ:STRA) Director Sells $55,897.38 in Stock

Strategic Education, Inc. (NASDAQ:STRA) Director Robert R. Grusky sold 462 shares of the firm’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 transaction, the director now owns 11,945 shares in the company, valued at approximately $1,445,225.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Strategic Education Price Performance

Shares of STRA opened at $120.65 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. Strategic Education, Inc. has a twelve month low of $64.53 and a twelve month high of $121.29. The stock has a market capitalization of $2.97 billion, a P/E ratio of 28.59, a P/E/G ratio of 1.34 and a beta of 0.45. The company has a 50 day moving average of $103.64 and a 200-day moving average of $95.16.

Strategic Education (NASDAQ:STRA) last released its earnings results on Thursday, April 25th. The health services provider reported $1.11 earnings per share 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 the consensus estimate of $274.02 million. As a group, equities research analysts forecast that Strategic Education, Inc. will post 4.83 EPS for the current fiscal year.

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.40 annualized dividend and a yield of 1.99%. Strategic Education’s payout ratio is presently 56.87%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STRA. International Assets Investment Management LLC lifted its stake in Strategic Education by 6,377.0% in the fourth quarter. International Assets Investment Management LLC now owns 178,182 shares of the health services provider’s stock valued at $16,459,000 after acquiring an additional 175,431 shares during the last quarter. GSA Capital Partners LLP grew its holdings in Strategic Education by 88.4% during the third quarter. GSA Capital Partners LLP now owns 26,938 shares of the health services provider’s stock worth $2,027,000 after purchasing an additional 12,636 shares during the period. Dark Forest Capital Management LP increased its position in Strategic Education by 152.9% during the third quarter. Dark Forest Capital Management LP now owns 9,965 shares of the health services provider’s stock worth $750,000 after buying an additional 6,024 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Strategic Education by 3.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 11,676 shares of the health services provider’s stock valued at $879,000 after buying an additional 349 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of Strategic Education by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 17,924 shares of the health services provider’s stock valued at $1,656,000 after buying an additional 142 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STRA has been the subject of a number of analyst reports. Truist Financial boosted their price objective 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. Barrington Research raised their price target on Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. BMO Capital Markets boosted their price objective on Strategic Education from $123.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Finally, Bank of America boosted their price objective on shares of Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $133.50.

About Strategic Education

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.