Strategic Education Inc. (NASDAQ:STRA – Get Free Report) insider Christa Hokenson sold 2,000 shares of Strategic Education stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $80.00, for a total transaction of $160,000.00. Following the completion of the transaction, the insider owned 65,195 shares in the company, valued at approximately $5,215,600. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Strategic Education Stock Performance
NASDAQ STRA opened at $81.58 on Friday. The firm has a market cap of $1.84 billion, a PE ratio of 14.41, a P/E/G ratio of 0.75 and a beta of 0.51. Strategic Education Inc. has a one year low of $69.70 and a one year high of $91.13. The firm’s fifty day moving average is $80.04 and its two-hundred day moving average is $80.42.
Strategic Education (NASDAQ:STRA – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The health services provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.09). The business had revenue of $305.93 million during the quarter, compared to analyst estimates 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 for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 earnings per share. Research analysts predict that Strategic Education Inc. will post 7.2 earnings per share for the current year.
Strategic Education Dividend Announcement
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on STRA shares. Wall Street Zen upgraded shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Zacks Research lowered shares of Strategic Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets dropped their price target on shares of Strategic Education from $95.00 to $86.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. Truist Financial dropped their price target on shares of Strategic Education from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Finally, Barrington Research dropped their price target on shares of Strategic Education from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $87.00.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in STRA. Axiom Investment Management LLC purchased a new stake in Strategic Education during the first quarter worth about $25,000. Allworth Financial LP boosted its holdings in Strategic Education by 88.5% during the third quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock worth $25,000 after buying an additional 138 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Strategic Education by 154.2% during the fourth quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider’s stock worth $27,000 after buying an additional 202 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Strategic Education by 85.2% during the second quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock worth $33,000 after buying an additional 178 shares in the last quarter. Finally, Sankala Group LLC purchased a new stake in Strategic Education during the fourth quarter worth about $37,000. 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.
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