Strategic Education (NASDAQ:STRA) Chairman Robert Silberman Purchases 718 Shares of Stock

Strategic Education Inc. (NASDAQ:STRA) Chairman Robert Silberman bought 718 shares of the company’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $80.82 per share, with a total value of $58,028.76. Following the transaction, the chairman directly owned 319,870 shares in the company, valued at approximately $25,851,893.40. The trade was a 0.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Strategic Education Stock Down 1.9%

NASDAQ:STRA opened at $79.26 on Tuesday. Strategic Education Inc. has a 12-month low of $72.17 and a 12-month high of $93.45. The firm has a market capitalization of $1.79 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.77 and a beta of 0.56. The stock’s fifty day simple moving average is $81.26 and its 200-day simple moving average is $80.87.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, February 26th. The health services provider reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.27. Strategic Education had a return on equity of 8.75% and a net margin of 9.98%.The business had revenue of $311.46 million during the quarter, compared to analysts’ expectations of $322.29 million. During the same period in the previous year, the firm earned $1.27 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts expect that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, March 9th. Strategic Education’s payout ratio is presently 44.28%.

Analyst Ratings Changes

STRA has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Strategic Education from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Wall Street Zen raised shares of Strategic Education from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Finally, Barrington Research reissued an “outperform” rating and issued a $105.00 price target on shares of Strategic Education in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Strategic Education has an average rating of “Buy” and a consensus price target of $99.33.

Institutional Trading of Strategic Education

Several hedge funds have recently bought and sold shares of STRA. Burgundy Asset Management Ltd. boosted its holdings in shares of Strategic Education by 3.3% in the second quarter. Burgundy Asset Management Ltd. now owns 1,524,317 shares of the health services provider’s stock valued at $129,765,000 after buying an additional 48,486 shares during the period. Bank of Montreal Can raised its holdings in shares of Strategic Education by 62,355.4% during the fourth quarter. Bank of Montreal Can now owns 1,467,702 shares of the health services provider’s stock worth $117,710,000 after acquiring an additional 1,465,352 shares during the period. State Street Corp raised its holdings in shares of Strategic Education by 0.8% during the fourth quarter. State Street Corp now owns 881,089 shares of the health services provider’s stock worth $70,663,000 after acquiring an additional 6,737 shares during the period. Geode Capital Management LLC lifted its position in Strategic Education by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 610,839 shares of the health services provider’s stock valued at $52,007,000 after acquiring an additional 26,872 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Strategic Education by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 351,969 shares of the health services provider’s stock valued at $28,228,000 after acquiring an additional 12,244 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Strategic Education Company Profile

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.