Strategic Education Inc (NASDAQ:STRA) shares rose 6.8% during mid-day trading on Tuesday . The stock traded as high as $137.44 and last traded at $128.23, approximately 123,940 shares changed hands during trading. An increase of 3% from the average daily volume of 119,814 shares. The stock had previously closed at $120.02.
STRA has been the topic of several research reports. ValuEngine upgraded Strategic Education from a “sell” rating to a “hold” rating in a research note on Tuesday. Barrington Research restated a “buy” rating and set a $175.00 price target on shares of Strategic Education in a research note on Tuesday, February 25th. BMO Capital Markets boosted their price target on Strategic Education from $167.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, BidaskClub lowered Strategic Education from a “buy” rating to a “hold” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $178.50.
The stock has a market capitalization of $2.84 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 1.05 and a beta of 0.65. The firm has a 50 day moving average of $150.14 and a 200-day moving average of $147.39.
Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Friday, February 28th. The health services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.08. Strategic Education had a return on equity of 10.21% and a net margin of 8.14%. The company had revenue of $263.80 million for the quarter, compared to analyst estimates of $260.25 million. During the same period in the prior year, the company posted $1.56 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Strategic Education Inc will post 7.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.40 annualized dividend and a dividend yield of 2.05%. Strategic Education’s dividend payout ratio is currently 35.98%.
In related news, COO Andrew E. Watt sold 1,316 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $161.04, for a total transaction of $211,928.64. Following the sale, the chief operating officer now directly owns 15,164 shares in the company, valued at approximately $2,442,010.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert S. Silberman sold 32,227 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $146.49, for a total value of $4,720,933.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,861 shares of company stock worth $10,741,571. Corporate insiders own 2.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STRA. FMR LLC grew its position in Strategic Education by 694,279.2% during the 1st quarter. FMR LLC now owns 166,651 shares of the health services provider’s stock worth $21,883,000 after acquiring an additional 166,627 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in Strategic Education by 229.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 5,934 shares of the health services provider’s stock worth $780,000 after buying an additional 4,134 shares in the last quarter. Stifel Financial Corp lifted its holdings in Strategic Education by 20.3% during the 3rd quarter. Stifel Financial Corp now owns 3,624 shares of the health services provider’s stock worth $493,000 after buying an additional 612 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Strategic Education by 1.3% during the 3rd quarter. California State Teachers Retirement System now owns 33,275 shares of the health services provider’s stock worth $4,521,000 after buying an additional 435 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Strategic Education by 35.3% during the 3rd quarter. Barclays PLC now owns 38,175 shares of the health services provider’s stock worth $5,188,000 after buying an additional 9,955 shares in the last quarter. Institutional investors and hedge funds own 97.94% of the company’s stock.
About Strategic Education (NASDAQ:STRA)
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.
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