Price T Rowe Associates Inc. MD Sells 8,164 Shares of Strategic Education, Inc. (NASDAQ:STRA)

Price T Rowe Associates Inc. MD trimmed its position in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) by 26.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in STRA. Wilmington Savings Fund Society FSB purchased a new position in shares of Strategic Education in the 3rd quarter valued at approximately $37,000. R Squared Ltd bought a new position in Strategic Education in the fourth quarter worth $42,000. Smartleaf Asset Management LLC lifted its position in Strategic Education by 394.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider's stock valued at $44,000 after buying an additional 383 shares during the period. Sterling Capital Management LLC lifted its position in Strategic Education by 809.1% during the fourth quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider's stock valued at $65,000 after buying an additional 623 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in shares of Strategic Education during the 4th quarter valued at $96,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Strategic Education Stock Performance

Shares of STRA traded up $0.18 during trading hours on Tuesday, hitting $89.20. The company had a trading volume of 25,046 shares, compared to its average volume of 154,320. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 1.22 and a beta of 0.52. The firm has a fifty day moving average price of $81.93 and a 200-day moving average price of $90.95. Strategic Education, Inc. has a 52-week low of $74.28 and a 52-week high of $121.68.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its earnings results on Thursday, April 24th. The health services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.29. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business had revenue of $303.59 million during the quarter, compared to analysts' expectations of $300.67 million. During the same period in the previous year, the company earned $1.11 earnings per share. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. Research analysts anticipate that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Friday, May 23rd. Strategic Education's dividend payout ratio (DPR) is presently 51.28%.

Insider Buying and Selling at Strategic Education

In other Strategic Education news, General Counsel Lizette Benedi Herraiz sold 1,452 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $82.21, for a total value of $119,368.92. Following the completion of the transaction, the general counsel now directly owns 61,716 shares in the company, valued at $5,073,672.36. This represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the sale, the chief executive officer now owns 140,281 shares in the company, valued at $13,723,690.23. The trade was a 18.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,826 shares of company stock valued at $3,945,093. 3.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Strategic Education 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.