Strategic Education (NASDAQ:STRA) Sees Unusually-High Trading Volume

Shares of Strategic Education, Inc. (NASDAQ:STRAGet Rating) saw unusually-strong trading volume on Friday . Approximately 7,879 shares changed hands during mid-day trading, a decline of 92% from the previous session’s volume of 103,572 shares.The stock last traded at $60.31 and had previously closed at $60.00.

Separately, StockNews.com initiated coverage on shares of Strategic Education in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

The stock has a 50 day moving average of $66.15 and a 200 day moving average of $61.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market cap of $1.51 billion, a P/E ratio of 27.52, a PEG ratio of 1.35 and a beta of 0.51.

Strategic Education (NASDAQ:STRAGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The health services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.20). The firm had revenue of $258.90 million during the quarter, compared to analysts’ expectations of $262.06 million. Strategic Education had a return on equity of 5.38% and a net margin of 4.78%. Strategic Education’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 earnings per share. On average, research analysts predict that Strategic Education, Inc. will post 3.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 6th. Investors of record on Friday, May 27th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.96%. Strategic Education’s dividend payout ratio is 110.09%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mutual of America Capital Management LLC raised its holdings in shares of Strategic Education by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 3,262 shares of the health services provider’s stock valued at $217,000 after buying an additional 170 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in Strategic Education by 1.9% in the 1st quarter. Maryland State Retirement & Pension System now owns 9,154 shares of the health services provider’s stock worth $608,000 after purchasing an additional 175 shares during the period. Emfo LLC increased its stake in Strategic Education by 7.4% in the 4th quarter. Emfo LLC now owns 2,745 shares of the health services provider’s stock worth $159,000 after purchasing an additional 190 shares during the period. Captrust Financial Advisors increased its stake in Strategic Education by 36.6% in the 3rd quarter. Captrust Financial Advisors now owns 713 shares of the health services provider’s stock worth $50,000 after purchasing an additional 191 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Strategic Education by 16.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the health services provider’s stock worth $95,000 after purchasing an additional 199 shares during the period. 94.74% of the stock is currently owned by institutional investors.

Strategic Education Company Profile (NASDAQ:STRA)

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company operates Strayer University that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice 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 an executive MBA online through its Jack Welch Management Institute.

Read More

Receive News & Ratings for Strategic Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strategic Education and related companies with MarketBeat.com's FREE daily email newsletter.