Insider Selling: Strategic Education, Inc. (NASDAQ:STRA) Director Sells 350 Shares of Stock

Strategic Education, Inc. (NASDAQ:STRA) Director Robert R. Grusky sold 350 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $122.50, for a total value of $42,875.00. Following the sale, the director now owns 11,345 shares of the company’s stock, valued at $1,389,762.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Strategic Education Stock Up 1.9 %

Shares of NASDAQ STRA opened at $123.00 on Tuesday. The firm has a fifty day simple moving average of $104.15 and a two-hundred day simple moving average of $95.61. The firm has a market capitalization of $3.03 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 1.23 and a beta of 0.45. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04. Strategic Education, Inc. has a 12 month low of $64.53 and a 12 month high of $123.62.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, April 25th. The health services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.51. The company had revenue of $290.25 million during the quarter, compared to the consensus estimate of $274.02 million. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. Equities analysts expect that Strategic Education, Inc. will post 5.01 earnings per share for the current year.

Strategic Education Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.95%. Strategic Education’s dividend payout ratio is presently 56.87%.

Institutional Investors Weigh In On Strategic Education

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Strategic Education by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,334,695 shares of the health services provider’s stock valued at $123,287,000 after buying an additional 65,507 shares in the last quarter. Burgundy Asset Management Ltd. lifted its position in Strategic Education by 2.1% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,137,961 shares of the health services provider’s stock valued at $105,113,000 after acquiring an additional 23,794 shares during the period. Envestnet Asset Management Inc. boosted its stake in Strategic Education by 155.7% during the third quarter. Envestnet Asset Management Inc. now owns 396,049 shares of the health services provider’s stock worth $29,803,000 after acquiring an additional 241,168 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Strategic Education by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 278,397 shares of the health services provider’s stock worth $25,716,000 after purchasing an additional 6,296 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Strategic Education by 103.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider’s stock valued at $23,406,000 after purchasing an additional 128,961 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Truist Financial boosted their price objective on Strategic Education from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Barrington Research raised their price target on shares of Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. TheStreet upgraded shares of Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. BMO Capital Markets increased their target price on shares of Strategic Education from $123.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Finally, StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $133.50.

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.