Strategic Education (NASDAQ:STRA) Stock Price Down 4.6% - Here's What Happened

Strategic Education, Inc. (NASDAQ:STRA - Get Free Report) dropped 4.6% during trading on Monday . The stock traded as low as $85.56 and last traded at $85.34. Approximately 26,688 shares traded hands during trading, a decline of 83% from the average daily volume of 154,783 shares. The stock had previously closed at $89.41.

Analyst Ratings Changes

STRA has been the subject of several research analyst reports. BMO Capital Markets lifted their target price on Strategic Education from $97.00 to $98.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Barrington Research reiterated an "outperform" rating and set a $120.00 target price on shares of Strategic Education in a research note on Tuesday, April 15th. Wall Street Zen upgraded Strategic Education from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Finally, Truist Financial set a $105.00 price target on Strategic Education in a research note on Thursday, April 24th.

Strategic Education Trading Down 0.1%

The company has a 50 day moving average of $84.90 and a 200-day moving average of $90.16. The firm has a market capitalization of $2.04 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.22 and a beta of 0.54.

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

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.84%. Strategic Education's payout ratio is 51.28%.

Insider Activity

In other news, Director Robert R. Grusky sold 1,494 shares of the company's stock in a transaction 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 sale, the director now directly owns 11,349 shares in the company, valued at approximately $910,984.23. This represents a 11.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.30% of the company's stock.

Institutional Trading of Strategic Education

A number of institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC lifted its position in shares of Strategic Education by 274.0% during the 1st quarter. Intech Investment Management LLC now owns 48,718 shares of the health services provider's stock valued at $4,090,000 after acquiring an additional 35,692 shares during the period. Jane Street Group LLC raised its holdings in shares of Strategic Education by 40.2% during the 1st quarter. Jane Street Group LLC now owns 43,433 shares of the health services provider's stock worth $3,647,000 after buying an additional 12,444 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Strategic Education during the 1st quarter worth $82,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Strategic Education by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,195 shares of the health services provider's stock worth $1,360,000 after buying an additional 487 shares in the last quarter. Finally, Marshfield Associates raised its holdings in shares of Strategic Education by 0.7% during the 1st quarter. Marshfield Associates now owns 1,849,034 shares of the health services provider's stock worth $155,245,000 after buying an additional 12,543 shares in the last quarter. 93.27% of the stock is currently owned by 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.