Shares of Strategic Education Inc. (NASDAQ:STRA - Get Free Report) traded down 4.8% on Wednesday . The company traded as low as $83.86 and last traded at $81.95. 27,387 shares changed hands during trading, a decline of 82% from the average session volume of 155,994 shares. The stock had previously closed at $86.09.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Barrington Research reiterated an "outperform" rating and set a $120.00 price objective on shares of Strategic Education in a research report on Tuesday, April 15th. Wall Street Zen upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a report on Friday, April 25th. BMO Capital Markets upped their price target on shares of Strategic Education from $97.00 to $98.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Truist Financial set a $105.00 price target on shares of Strategic Education in a report on Thursday, April 24th.
Get Our Latest Stock Analysis on STRA
Strategic Education Price Performance
The stock's fifty day moving average price is $86.77 and its 200 day moving average price is $88.56. The stock has a market capitalization of $2.01 billion, a P/E ratio of 17.82, a PEG ratio of 0.98 and a beta of 0.52.
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 9.14% and a return on equity of 7.29%. The company had revenue of $303.59 million for the quarter, compared to analysts' expectations of $300.67 million. During the same period in the prior year, the business earned $1.11 EPS. The firm's quarterly revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts expect that Strategic Education Inc. will post 4.79 earnings per share for the current year.
Strategic Education Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Friday, May 23rd. Strategic Education's payout ratio is currently 51.28%.
Insider Activity at Strategic Education
In other news, Director Robert R. Grusky sold 1,494 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $80.27, for a total value of $119,923.38. Following the sale, the director directly owned 11,349 shares of the company's stock, valued at $910,984.23. This represents a 11.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by insiders.
Institutional Investors Weigh In On Strategic Education
Hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in 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 acquiring an additional 383 shares during the period. Sterling Capital Management LLC boosted its stake in Strategic Education by 809.1% during 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 last quarter. Kestra Investment Management LLC acquired a new stake in Strategic Education during the 1st quarter worth $82,000. Covestor Ltd boosted its stake in Strategic Education by 44.0% during the 4th quarter. Covestor Ltd now owns 1,431 shares of the health services provider's stock worth $134,000 after purchasing an additional 437 shares during the last quarter. Finally, Significant Wealth Partners LLC boosted its stake in Strategic Education by 17.3% during the 1st quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider's stock worth $226,000 after purchasing an additional 396 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.
About Strategic Education
(
Get Free Report)
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.
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