Strategic Education, Inc. (NASDAQ:STRA) CEO Raymond Karl Mcdonnell Sells 31,855 Shares

Strategic Education, Inc. (NASDAQ:STRA) CEO Raymond Karl Mcdonnell sold 31,855 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $3,116,374.65. Following the completion of the sale, the chief executive officer now directly owns 140,281 shares in the company, valued at approximately $13,723,690.23. This represents a 18.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Strategic Education Trading Down 18.5 %

Shares of STRA opened at $79.80 on Friday. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 1.22 and a beta of 0.59. The business’s fifty day simple moving average is $96.58 and its two-hundred day simple moving average is $94.83. Strategic Education, Inc. has a 12 month low of $79.37 and a 12 month high of $123.62.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Thursday, February 27th. The health services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.10). Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business had revenue of $311.46 million for the quarter, compared to analysts’ expectations of $315.18 million. As a group, research analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.01%. Strategic Education’s dividend payout ratio is presently 45.71%.

Wall Street Analysts Forecast Growth

STRA has been the subject of a number of recent research reports. Barrington Research lowered their price objective on Strategic Education from $135.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday. StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a research report on Wednesday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $122.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STRA. Wilmington Savings Fund Society FSB bought a new stake in Strategic Education in the 3rd quarter worth approximately $37,000. R Squared Ltd purchased a new position in shares of Strategic Education in the 4th quarter worth $42,000. Smartleaf Asset Management LLC grew its holdings in shares of Strategic Education by 394.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider’s stock worth $44,000 after acquiring an additional 383 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Strategic Education during the third quarter valued at $55,000. Finally, Sterling Capital Management LLC lifted its holdings in Strategic Education by 809.1% in the fourth quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider’s stock valued at $65,000 after acquiring an additional 623 shares during the period. Institutional investors own 93.27% of the company’s stock.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.