Robert R. Grusky Sells 462 Shares of Strategic Education, Inc. (NASDAQ:STRA) Stock

Strategic Education, Inc. (NASDAQ:STRA) Director Robert R. Grusky sold 462 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $120.99, for a total value of $55,897.38. Following the completion of the transaction, the director now owns 11,945 shares of the company’s stock, valued at approximately $1,445,225.55. The sale was disclosed in a document filed with the SEC, which is available through this link.

Strategic Education Trading Up 2.8 %

Strategic Education stock opened at $117.97 on Friday. Strategic Education, Inc. has a 52 week low of $64.53 and a 52 week high of $121.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market capitalization of $2.90 billion, a P/E ratio of 27.95, a PEG ratio of 1.30 and a beta of 0.45. The stock has a 50-day simple moving average of $103.17 and a 200 day simple moving average of $95.00.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.51. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. The business had revenue of $290.25 million during the quarter, compared to analysts’ expectations of $274.02 million. Analysts expect that Strategic Education, Inc. will post 4.83 earnings per share for the current year.

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, May 23rd. Strategic Education’s payout ratio is currently 56.87%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on STRA shares. Barrington Research raised their price objective on Strategic Education from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Bank of America raised their price objective on Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Truist Financial raised their price objective on Strategic Education from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, April 26th. StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Finally, BMO Capital Markets raised their price objective on Strategic Education from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Monday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $133.50.

Institutional Investors Weigh In On Strategic Education

Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new stake in Strategic Education during the fourth quarter worth approximately $73,000. VisionPoint Advisory Group LLC lifted its position in Strategic Education by 27.8% during the third quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock worth $82,000 after acquiring an additional 236 shares during the last quarter. TFO Wealth Partners LLC lifted its position in Strategic Education by 118,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,181 shares of the health services provider’s stock worth $109,000 after acquiring an additional 1,180 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in Strategic Education during the fourth quarter worth approximately $236,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in Strategic Education during the fourth quarter worth approximately $272,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Strategic Education Company 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.