Strategic Education Inc. (NASDAQ:STRA – Get Free Report) Director William Slocum acquired 250 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was purchased at an average price of $51.00 per share, with a total value of $12,750.00. Following the transaction, the director owned 9,065 shares of the company’s stock, valued at approximately $462,315. This trade represents a 2.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Strategic Education Stock Up 2.7%
Shares of STRA stock traded up $1.42 during mid-day trading on Tuesday, hitting $54.37. 458,219 shares of the stock were exchanged, compared to its average volume of 292,673. Strategic Education Inc. has a 52-week low of $50.70 and a 52-week high of $89.73. The company has a market cap of $1.21 billion, a PE ratio of 319.79, a price-to-earnings-growth ratio of 0.69 and a beta of 0.51. The firm has a fifty day moving average of $78.30 and a 200 day moving average of $79.87.
Strategic Education (NASDAQ:STRA – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The health services provider reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.23). The business had revenue of $325.07 million during the quarter, compared to analysts’ expectations of $326.55 million. Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. Strategic Education’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. Equities analysts predict that Strategic Education Inc. will post 7.23 EPS for the current year.
Strategic Education Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Monday, November 30th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, November 30th. Strategic Education’s dividend payout ratio (DPR) is presently 1,411.76%.
Institutional Trading of Strategic Education
Institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new stake in shares of Strategic Education during the second quarter worth approximately $1,594,000. Bank of America Corp DE acquired a new position in Strategic Education in the 2nd quarter valued at $6,974,000. BlackRock Inc. purchased a new position in Strategic Education in the 2nd quarter valued at $291,189,000. PDT Partners LLC purchased a new position in Strategic Education in the 2nd quarter valued at $3,521,000. Finally, Empowered Funds LLC acquired a new stake in Strategic Education during the 2nd quarter worth $6,107,000. 93.27% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday. BMO Capital Markets lowered shares of Strategic Education from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $95.00 to $66.00 in a report on Friday. Barrington Research cut shares of Strategic Education from an “outperform” rating to a “hold” rating in a research report on Friday. William Blair lowered shares of Strategic Education to a “market perform” rating in a research report on Friday. Finally, Truist Financial boosted their target price on shares of Strategic Education from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Six investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.00.
Check Out Our Latest Research Report on STRA
About Strategic Education
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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