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

Strategic Education, Inc. (NASDAQ:STRA - Get Free Report) Director Robert R. Grusky sold 250 shares of Strategic Education stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $118.55, for a total value of $29,637.50. Following the transaction, the director now directly owns 11,695 shares of the company's stock, valued at $1,386,442.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Strategic Education Trading Up 1.9 %

Shares of NASDAQ:STRA traded up $2.35 during midday trading on Monday, reaching $123.00. The company's stock had a trading volume of 103,219 shares, compared to its average volume of 105,611. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 29.15, 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 1 year low of $64.53 and a 1 year high of $123.62. The business has a 50 day moving average price of $104.15 and a 200 day moving average price of $95.61.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $290.25 million during the quarter, compared to the consensus estimate of $274.02 million. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. Research analysts forecast that Strategic Education, Inc. will post 5.01 EPS for the current year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, May 23rd. Strategic Education's dividend payout ratio is currently 56.87%.

Institutional Investors Weigh In On Strategic Education

A number of institutional investors have recently added to or reduced their stakes in STRA. Envestnet Asset Management Inc. grew its position in Strategic Education by 155.7% during the third quarter. Envestnet Asset Management Inc. now owns 396,049 shares of the health services provider's stock valued at $29,803,000 after acquiring an additional 241,168 shares during the period. International Assets Investment Management LLC grew its position in Strategic Education by 6,377.0% during 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 period. Norges Bank purchased a new stake in Strategic Education during the fourth quarter valued at about $13,511,000. Goldman Sachs Group Inc. grew its position in Strategic Education by 103.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider's stock valued at $23,406,000 after acquiring an additional 128,961 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Strategic Education by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,334,695 shares of the health services provider's stock valued at $123,287,000 after acquiring an additional 65,507 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Analyst Ratings Changes

STRA has been the subject of several research reports. Barrington Research lifted their price objective on Strategic Education from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, April 25th. StockNews.com raised Strategic Education from a "hold" rating to a "buy" rating in a research report on Friday, April 26th. 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. TheStreet raised Strategic Education from a "c+" rating to a "b" rating in a research report on Thursday, February 29th. Finally, Truist Financial raised their price target on Strategic Education from $125.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target 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.