Strategic Education Inc. (NASDAQ:STRA – Get Free Report) Director William Slocum purchased 1,000 shares of Strategic Education stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average cost of $52.00 per share, for a total transaction of $52,000.00. Following the transaction, the director directly owned 8,815 shares of the company’s stock, valued at $458,380. This represents a 12.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Strategic Education Price Performance
Strategic Education stock traded up $1.42 during mid-day trading on Tuesday, reaching $54.37. 458,219 shares of the company were exchanged, compared to its average volume of 292,673. The firm has a market cap of $1.21 billion, a PE ratio of 319.79, a PEG ratio of 0.69 and a beta of 0.51. The company has a fifty day simple moving average of $78.30 and a 200-day simple moving average of $79.87. Strategic Education Inc. has a 12 month low of $50.70 and a 12 month high of $89.73.
Strategic Education (NASDAQ:STRA – Get Free Report) last released its earnings results on Thursday, November 5th. The health services provider reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.23). The company had revenue of $325.07 million for the quarter, compared to the consensus estimate of $326.55 million. Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 earnings per share. Sell-side analysts anticipate that Strategic Education Inc. will post 7.23 earnings per share for the current year.
Strategic Education Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Monday, November 30th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Monday, November 30th. Strategic Education’s payout ratio is 1,411.76%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on STRA. Wall Street Zen downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday. BMO Capital Markets cut shares of Strategic Education from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $95.00 to $66.00 in a research report on Friday. William Blair downgraded shares of Strategic Education to a “market perform” rating in a report on Friday. Barrington Research lowered shares of Strategic Education from an “outperform” rating to a “hold” rating in a research report on Friday. Finally, Weiss Ratings lowered shares of Strategic Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Six equities research analysts have rated the stock with a Hold rating. According to MarketBeat, Strategic Education presently has an average rating of “Hold” and a consensus target price of $87.00.
Check Out Our Latest Research Report on STRA
Hedge Funds Weigh In On Strategic Education
A number of institutional investors have recently modified their holdings of STRA. Public Sector Pension Investment Board grew its holdings in shares of Strategic Education by 10.8% during the third quarter. Public Sector Pension Investment Board now owns 263,439 shares of the health services provider’s stock worth $21,863,000 after purchasing an additional 25,658 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Strategic Education by 16,250.0% in the third quarter. Global Retirement Partners LLC now owns 6,540 shares of the health services provider’s stock valued at $508,000 after buying an additional 6,500 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Strategic Education in the third quarter valued at approximately $256,000. Intech Investment Management LLC raised its holdings in Strategic Education by 175.8% in the 3rd quarter. Intech Investment Management LLC now owns 49,994 shares of the health services provider’s stock valued at $3,883,000 after buying an additional 31,869 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in Strategic Education by 1.3% in the 3rd quarter. Royce & Associates LP now owns 33,425 shares of the health services provider’s stock valued at $2,596,000 after buying an additional 444 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.
Strategic Education Company Profile
Strategic Education, Inc. is an education services company that provides postsecondary programs and workforce-focused learning services. Its U.S. institutions include Strayer University and Capella University, which offer undergraduate and graduate programs in fields such as business, technology, health care and education through online and campus-based instruction. Outside the United States, the company operates Torrens University Australia and other education institutions serving students in Australia and New Zealand.
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