Robert R. Grusky Sells 250 Shares of Strategic Education, Inc. (NASDAQ:STRA) Stock

Strategic Education, Inc. (NASDAQ:STRA) Director Robert R. Grusky sold 250 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $118.55, for a total value of $29,637.50. Following the sale, the director now directly owns 11,695 shares of the company’s stock, valued at $1,386,442.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Strategic Education Trading Up 1.0 %

STRA stock opened at $122.37 on Thursday. Strategic Education, Inc. has a one year low of $64.53 and a one year high of $123.62. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 1.23 and a beta of 0.45. The company has a fifty day moving average price of $105.74 and a two-hundred day moving average price of $96.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.49 and a quick ratio of 1.49.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.60 by $0.51. The company had revenue of $290.25 million during the quarter, compared to analysts’ expectations of $274.02 million. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. Equities analysts anticipate that Strategic Education, Inc. will post 5.01 EPS for the current year.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.96%. Strategic Education’s dividend payout ratio (DPR) is presently 56.87%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of STRA. State Board of Administration of Florida Retirement System lifted its stake in Strategic Education by 83.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,817 shares of the health services provider’s stock valued at $1,230,000 after purchasing an additional 5,358 shares during the last quarter. ProShare Advisors LLC increased its holdings in Strategic Education by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 4,544 shares of the health services provider’s stock worth $473,000 after acquiring an additional 309 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Strategic Education by 1.3% in the first quarter. Illinois Municipal Retirement Fund now owns 12,984 shares of the health services provider’s stock valued at $1,352,000 after purchasing an additional 165 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Strategic Education by 78.3% in the first quarter. SG Americas Securities LLC now owns 7,396 shares of the health services provider’s stock worth $770,000 after acquiring an additional 3,248 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Strategic Education by 18.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,743 shares of the health services provider’s stock valued at $1,639,000 after buying an additional 2,477 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on STRA shares. Truist Financial upped their price objective on Strategic Education from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, April 26th. Barrington Research increased their price target on shares of Strategic Education from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. TheStreet upgraded shares of Strategic Education from a “c+” rating to a “b” rating in a report on Thursday, February 29th. StockNews.com raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Finally, BMO Capital Markets lifted their price target on shares of Strategic Education from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Strategic Education presently has an average rating of “Buy” and an average target price of $133.50.

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.