Strategic Education, Inc. (NASDAQ:STRA) Director Robert R. Grusky Sells 350 Shares of Stock

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

Strategic Education Trading Up 1.9 %

NASDAQ STRA opened at $123.00 on Tuesday. The stock has a market capitalization of $3.03 billion, a P/E ratio of 29.15, a P/E/G ratio of 1.23 and a beta of 0.45. The business has a 50 day simple moving average of $104.15 and a 200 day simple moving average of $95.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.49 and a quick ratio of 1.49. Strategic Education, Inc. has a one year low of $64.53 and a one year high of $123.62.

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

Strategic Education Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on STRA. Truist Financial lifted their target price on Strategic Education from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Bank of America increased their price objective on shares of Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Barrington Research boosted their target price on shares of Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Finally, TheStreet upgraded Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $133.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in shares of Strategic Education during the fourth quarter valued at approximately $73,000. VisionPoint Advisory Group LLC increased its stake in Strategic Education by 27.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock valued at $82,000 after purchasing an additional 236 shares in the last quarter. TFO Wealth Partners LLC raised its holdings 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 buying an additional 1,180 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Strategic Education in the third quarter valued at $234,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Strategic Education during the fourth quarter valued at about $236,000. 93.27% of the stock is 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.