Price T Rowe Associates Inc. MD Trims Stock Position in Strategic Education, Inc. (NASDAQ:STRA)

Price T Rowe Associates Inc. MD trimmed its position in Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,771 shares of the health services provider's stock after selling 8,164 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.09% of Strategic Education worth $2,128,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in Strategic Education during the third quarter worth about $37,000. R Squared Ltd bought a new stake in shares of Strategic Education in the 4th quarter worth approximately $42,000. Smartleaf Asset Management LLC boosted its stake in shares of Strategic Education by 394.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider's stock valued at $44,000 after purchasing an additional 383 shares in the last quarter. Sterling Capital Management LLC raised its position in Strategic Education by 809.1% in the 4th quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider's stock worth $65,000 after purchasing an additional 623 shares during the period. Finally, Pacer Advisors Inc. purchased a new stake in Strategic Education during the fourth quarter valued at about $96,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Transactions at Strategic Education

In other news, CFO Daniel Wayne Jackson sold 6,025 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total transaction of $589,425.75. Following the sale, the chief financial officer now owns 81,756 shares in the company, valued at $7,998,189.48. This represents a 6.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert R. Grusky sold 1,494 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $80.27, for a total transaction of $119,923.38. Following the completion of the transaction, the director now owns 11,349 shares of the company's stock, valued at approximately $910,984.23. The trade was a 11.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,826 shares of company stock valued at $3,945,093 in the last ninety days. 3.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. BMO Capital Markets increased their target price on Strategic Education from $97.00 to $98.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Barrington Research reissued an "outperform" rating and set a $120.00 price target on shares of Strategic Education in a research report on Tuesday, April 15th. StockNews.com upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Finally, Truist Financial set a $105.00 price target on Strategic Education in a research report on Thursday, April 24th.

Strategic Education Stock Performance

Shares of STRA traded up $1.06 on Friday, reaching $89.26. The stock had a trading volume of 221,060 shares, compared to its average volume of 154,355. Strategic Education, Inc. has a 12-month low of $74.28 and a 12-month high of $123.41. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.22 and a beta of 0.52. The company has a 50-day simple moving average of $81.79 and a 200-day simple moving average of $90.87.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its earnings results on Thursday, April 24th. The health services provider reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.29. The firm had revenue of $303.59 million for the quarter, compared to analysts' expectations of $300.67 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The company's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 EPS. On average, analysts expect that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 2.69%. Strategic Education's payout ratio is 51.28%.

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.