Strategic Education, Inc. (NASDAQ:STRA) Director Sells $42,875.00 in Stock

Strategic Education, Inc. (NASDAQ:STRA) Director Robert R. Grusky sold 350 shares of Strategic Education stock in a transaction on Monday, May 6th. The shares were sold at an average price of $122.50, for a total transaction of $42,875.00. Following the completion of the sale, the director now directly owns 11,345 shares of the company’s stock, valued at $1,389,762.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Strategic Education Stock Performance

Shares of Strategic Education stock opened at $122.37 on Thursday. The company has a market cap of $3.01 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 1.23 and a beta of 0.45. 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 52 week low of $64.53 and a 52 week high of $123.62. The business has a 50 day moving average price of $105.74 and a 200-day moving average price of $96.39.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.51. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. The business had revenue of $290.25 million during the quarter, compared to analyst estimates of $274.02 million. Equities analysts anticipate that Strategic Education, Inc. will post 5.01 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, May 23rd. Strategic Education’s payout ratio is currently 56.87%.

Analyst Ratings Changes

Several brokerages have recently commented on STRA. TheStreet upgraded Strategic Education from a “c+” rating to a “b” rating in a research note on Thursday, February 29th. StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Bank of America increased their target price on Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Truist Financial boosted their price target on shares of Strategic Education from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, BMO Capital Markets upped their price objective on shares of Strategic Education from $123.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $133.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STRA. Exchange Traded Concepts LLC increased its position in shares of Strategic Education by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 17,924 shares of the health services provider’s stock valued at $1,656,000 after purchasing an additional 142 shares during the last quarter. Illinois Municipal Retirement Fund raised its position 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 worth $1,352,000 after acquiring an additional 165 shares during the period. VisionPoint Advisory Group LLC boosted its stake in Strategic Education by 27.8% in the third quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock valued at $82,000 after acquiring an additional 236 shares during the last quarter. Wealthsource Partners LLC grew its position in shares of Strategic Education by 5.0% during the 3rd quarter. Wealthsource Partners LLC now owns 5,015 shares of the health services provider’s stock valued at $377,000 after acquiring an additional 240 shares during the period. Finally, SkyView Investment Advisors LLC increased its stake in shares of Strategic Education by 4.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 7,095 shares of the health services provider’s stock worth $534,000 after purchasing an additional 292 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

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.