Strategic Education Inc (NASDAQ:STRA) Director Robert R. Grusky sold 507 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $144.05, for a total value of $73,033.35. Following the completion of the transaction, the director now owns 12,567 shares of the company’s stock, valued at $1,810,276.35. The transaction was disclosed in a filing with the SEC, which is available at this link.
STRA opened at $119.59 on Friday. Strategic Education Inc has a one year low of $80.75 and a one year high of $154.89. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 38.45, a price-to-earnings-growth ratio of 2.25 and a beta of 1.09.
Strategic Education (NASDAQ:STRA) last announced its earnings results on Thursday, November 8th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.24. Strategic Education had a positive return on equity of 10.30% and a negative net margin of 8.74%. The firm had revenue of $160.90 million during the quarter, compared to analyst estimates of $185.48 million. During the same quarter in the prior year, the company earned $0.34 EPS. The business’s revenue was up 48.3% compared to the same quarter last year. On average, equities research analysts forecast that Strategic Education Inc will post 4.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, November 30th. Strategic Education’s dividend payout ratio is currently 64.31%.
STRA has been the subject of several analyst reports. Barrington Research increased their target price on Strategic Education to $175.00 and gave the company an “outperform” rating in a report on Thursday, November 8th. BMO Capital Markets increased their target price on Strategic Education to $158.00 and gave the company an “outperform” rating in a report on Monday, November 12th. ValuEngine upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. BidaskClub upgraded Strategic Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 18th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $175.00 target price on shares of Strategic Education in a report on Thursday, September 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $148.60.
Several large investors have recently made changes to their positions in STRA. C M Bidwell & Associates Ltd. purchased a new stake in shares of Strategic Education in the 3rd quarter worth approximately $129,000. Bank of Montreal Can grew its stake in shares of Strategic Education by 87.2% in the 3rd quarter. Bank of Montreal Can now owns 1,185 shares of the health services provider’s stock worth $163,000 after buying an additional 552 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Strategic Education by 141.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,244 shares of the health services provider’s stock worth $170,000 after buying an additional 729 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Strategic Education in the 3rd quarter worth approximately $204,000. Finally, Rothschild Investment Corp IL purchased a new stake in shares of Strategic Education in the 3rd quarter worth approximately $206,000. 91.71% of the stock is owned by hedge funds and other institutional investors.
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Strategic Education Company Profile
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.
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