Strategic Education, Inc. (NASDAQ:STRA - Get Free Report) 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 transaction, the director now owns 11,349 shares of the company's stock, valued at $910,984.23. This represents a 11.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Strategic Education Price Performance
STRA opened at $80.93 on Friday. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The company's 50 day simple moving average is $83.28 and its two-hundred day simple moving average is $91.06. Strategic Education, Inc. has a 1-year low of $74.28 and a 1-year high of $123.62.
Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The health services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.01 by $0.29. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business had revenue of $303.59 million for the quarter, compared to analyst estimates of $300.67 million. On average, equities 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 declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 2.97%. Strategic Education's dividend payout ratio (DPR) is 51.39%.
Institutional Trading of Strategic Education
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Strategic Education by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 2,793,685 shares of the health services provider's stock worth $260,986,000 after acquiring an additional 45,421 shares during the period. Marshfield Associates grew its holdings in shares of Strategic Education by 0.4% during the 4th quarter. Marshfield Associates now owns 1,836,491 shares of the health services provider's stock worth $171,565,000 after purchasing an additional 6,869 shares during the period. Burgundy Asset Management Ltd. grew its holdings in shares of Strategic Education by 1.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,258,680 shares of the health services provider's stock worth $117,586,000 after purchasing an additional 20,456 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its position in shares of Strategic Education by 12.9% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,286 shares of the health services provider's stock worth $57,760,000 after purchasing an additional 70,743 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Strategic Education by 6.2% in the 4th quarter. Royal Bank of Canada now owns 589,053 shares of the health services provider's stock valued at $55,029,000 after buying an additional 34,608 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a research report on Friday. Barrington Research restated an "outperform" rating and issued a $120.00 target price on shares of Strategic Education in a research report on Tuesday, April 15th. BMO Capital Markets lowered their price target on Strategic Education from $114.00 to $97.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Finally, Truist Financial set a $105.00 price objective on Strategic Education in a research note on Thursday.
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About Strategic Education
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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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