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

Strategic Education, Inc. (NASDAQ:STRA - Get Free Report) Director Robert R. Grusky sold 462 shares of the business's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $120.99, for a total transaction of $55,897.38. Following the completion of the transaction, the director now directly owns 11,945 shares of the company's stock, valued at approximately $1,445,225.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Strategic Education Stock Performance

Shares of STRA traded down $0.09 during trading hours on Wednesday, reaching $114.75. 231,215 shares of the company traded hands, compared to its average volume of 103,006. Strategic Education, Inc. has a 12-month low of $64.53 and a 12-month high of $121.29. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.82 billion, a P/E ratio of 27.19, a P/E/G ratio of 1.34 and a beta of 0.50. The business has a fifty day moving average price of $102.75 and a 200-day moving average price of $94.86.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.60 by $0.51. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. The company had revenue of $290.25 million for the quarter, compared to analyst estimates of $274.02 million. Equities analysts anticipate that Strategic Education, Inc. will post 4.83 EPS for the current fiscal 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 2.09%. The ex-dividend date is Thursday, May 23rd. Strategic Education's payout ratio is 56.87%.

Institutional Investors Weigh In On Strategic Education

Hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new position in shares of Strategic Education during the 4th quarter worth about $73,000. VisionPoint Advisory Group LLC raised its position in shares of Strategic Education by 27.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider's stock worth $82,000 after purchasing an additional 236 shares during the last quarter. TFO Wealth Partners LLC raised its position in shares of Strategic Education by 118,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,181 shares of the health services provider's stock worth $109,000 after purchasing an additional 1,180 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Strategic Education during the 4th quarter worth about $236,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of Strategic Education during the 4th quarter worth about $272,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STRA has been the subject of a number of recent research reports. StockNews.com raised shares of Strategic Education from a "hold" rating to a "buy" rating in a research note on Friday, April 26th. Truist Financial boosted their price objective on shares of Strategic Education from $125.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. Barrington Research boosted 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 shares of Strategic Education from a "c+" rating to a "b" rating in a research note on Thursday, February 29th. Finally, BMO Capital Markets upped 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. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Strategic Education has an average rating of "Buy" and an average target price of $133.50.

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.