Strategic Education (NASDAQ:STRA) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Strategic Education Inc. (NASDAQ:STRAGet Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $80.47 and traded as high as $85.83. Strategic Education shares last traded at $84.08, with a volume of 249,423 shares traded.

Analyst Ratings Changes

STRA has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Strategic Education in a research note on Tuesday, April 21st. Truist Financial decreased their target price on Strategic Education from $85.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Zacks Research cut shares of Strategic Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Barrington Research cut their target price on Strategic Education from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Finally, Wall Street Zen downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $88.67.

Get Our Latest Report on Strategic Education

Strategic Education Stock Up 2.5%

The company has a market capitalization of $1.76 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 0.78 and a beta of 0.50. The firm’s 50 day simple moving average is $79.12 and its 200 day simple moving average is $80.43.

Strategic Education (NASDAQ:STRAGet Free Report) last announced its earnings results on Thursday, April 23rd. The health services provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.09). The firm had revenue of $305.93 million during the quarter, compared to analysts’ expectations of $329.81 million. Strategic Education had a net margin of 10.21% and a return on equity of 8.78%. The company’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 EPS. As a group, sell-side analysts predict that Strategic Education Inc. will post 7.2 EPS for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 22nd were issued a $0.60 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. Strategic Education’s payout ratio is currently 42.40%.

Insider Buying and Selling at Strategic Education

In related news, Director Michael Thawley acquired 665 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average cost of $72.71 per share, for a total transaction of $48,352.15. Following the purchase, the director directly owned 12,154 shares of the company’s stock, valued at $883,717.34. This trade represents a 5.79% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Christa Hokenson sold 2,000 shares of Strategic Education stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $80.00, for a total transaction of $160,000.00. Following the completion of the transaction, the insider directly owned 65,195 shares in the company, valued at $5,215,600. This represents a 2.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Strategic Education

Hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can raised its stake in shares of Strategic Education by 62,355.4% during the 4th quarter. Bank of Montreal Can now owns 1,467,702 shares of the health services provider’s stock valued at $117,710,000 after buying an additional 1,465,352 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Strategic Education by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,458,740 shares of the health services provider’s stock worth $121,017,000 after buying an additional 7,346 shares during the last quarter. State Street Corp boosted its stake in shares of Strategic Education by 0.8% in the fourth quarter. State Street Corp now owns 881,089 shares of the health services provider’s stock worth $70,663,000 after buying an additional 6,737 shares during the last quarter. Geode Capital Management LLC grew its holdings in Strategic Education by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 609,040 shares of the health services provider’s stock worth $48,853,000 after acquiring an additional 1,579 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Strategic Education by 30.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 454,509 shares of the health services provider’s stock worth $37,706,000 after acquiring an additional 106,487 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Company Profile

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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.

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