Strategic Education, Inc. (NASDAQ:STRA) Director Sells $29,637.50 in Stock

Strategic Education, Inc. (NASDAQ:STRA) Director Robert R. Grusky sold 250 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 11,695 shares in the company, valued at approximately $1,386,442.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Strategic Education Stock Down 1.5 %

Shares of NASDAQ STRA opened at $121.16 on Wednesday. The firm has a market cap of $2.98 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 1.23 and a beta of 0.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.49 and a current ratio of 1.49. Strategic Education, Inc. has a 1 year low of $64.53 and a 1 year high of $123.62. The firm’s 50 day moving average price is $105.19 and its 200 day moving average price is $96.21.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Thursday, April 25th. The health services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.51. The business had revenue of $290.25 million for the quarter, compared to analysts’ expectations of $274.02 million. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. As a group, sell-side analysts anticipate that Strategic Education, Inc. will post 5.01 earnings per share for the current year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 24th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, May 23rd. Strategic Education’s dividend payout ratio (DPR) is 56.87%.

Analyst Upgrades and Downgrades

STRA has been the topic of a number of research reports. Bank of America increased their price objective 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. Barrington Research raised their price objective on shares of Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. TheStreet raised Strategic Education from a “c+” rating to a “b” rating in a research note on Thursday, February 29th. BMO Capital Markets raised their price target on Strategic Education from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $133.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of STRA. Illinois Municipal Retirement Fund grew its holdings in Strategic Education by 1.3% in the first quarter. Illinois Municipal Retirement Fund now owns 12,984 shares of the health services provider’s stock valued at $1,352,000 after purchasing an additional 165 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Strategic Education by 78.3% in the 1st quarter. SG Americas Securities LLC now owns 7,396 shares of the health services provider’s stock valued at $770,000 after purchasing an additional 3,248 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Strategic Education by 18.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,743 shares of the health services provider’s stock valued at $1,639,000 after buying an additional 2,477 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Strategic Education by 32.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,911 shares of the health services provider’s stock valued at $407,000 after acquiring an additional 967 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Strategic Education by 4.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,912 shares of the health services provider’s stock worth $1,240,000 after purchasing an additional 511 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Company Profile

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.