Strategic Education (NASDAQ:STRA) Insider Christa Hokenson Sells 2,000 Shares

Strategic Education Inc. (NASDAQ:STRA) insider Christa Hokenson sold 2,000 shares of Strategic Education stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $80.00, for a total value of $160,000.00. Following the completion of the sale, the insider owned 65,195 shares in the company, valued at approximately $5,215,600. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Strategic Education Stock Up 1.3%

Shares of Strategic Education stock traded up $1.04 during trading on Friday, reaching $81.58. The company’s stock had a trading volume of 182,574 shares, compared to its average volume of 278,988. Strategic Education Inc. has a 12-month low of $69.70 and a 12-month high of $91.13. The company has a market capitalization of $1.84 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 0.73 and a beta of 0.51. The business has a 50 day moving average price of $80.08 and a 200-day moving average price of $80.41.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Thursday, April 23rd. The health services provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.09). Strategic Education had a net margin of 10.21% and a return on equity of 8.78%. The business had revenue of $305.93 million during the quarter, compared to analysts’ expectations of $329.81 million. During the same quarter last year, the firm earned $1.30 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. Research analysts predict that Strategic Education Inc. will post 7.2 EPS for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 22nd were paid a $0.60 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.9%. Strategic Education’s payout ratio is 42.40%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Truist Financial decreased their price target on Strategic Education from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Zacks Research downgraded Strategic Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Barrington Research reduced their price objective on Strategic Education from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded Strategic Education from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $87.00.

Hedge Funds Weigh In On Strategic Education

Institutional investors have recently made changes to their positions in the stock. Axiom Investment Management LLC acquired a new position in Strategic Education in the first quarter valued at $25,000. Allworth Financial LP increased its stake in Strategic Education by 88.5% in the third quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock valued at $25,000 after purchasing an additional 138 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Strategic Education by 154.2% in the fourth quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 202 shares during the last quarter. Osaic Holdings Inc. increased its stake in Strategic Education by 85.2% in the second quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock valued at $33,000 after purchasing an additional 178 shares during the last quarter. Finally, Sankala Group LLC acquired a new position in Strategic Education in the fourth quarter valued at $37,000. 93.27% of the stock is 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.