Strategic Education Inc (NASDAQ:STRA)’s stock price rose 6.8% during mid-day trading on Tuesday . The stock traded as high as $137.44 and last traded at $128.23, approximately 123,940 shares were traded during mid-day trading. An increase of 3% from the average daily volume of 119,814 shares. The stock had previously closed at $120.02.
STRA has been the subject of several recent analyst reports. BidaskClub downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Thursday, March 19th. Barrington Research reiterated a “buy” rating and issued a $175.00 target price on shares of Strategic Education in a research note on Tuesday, February 25th. ValuEngine upgraded shares of Strategic Education from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, BMO Capital Markets raised their target price on shares of Strategic Education from $167.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $178.50.
The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 32.00, a P/E/G ratio of 1.05 and a beta of 0.65. The company’s 50 day moving average is $150.14 and its 200-day moving average is $147.39.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.40 annualized dividend and a yield of 2.05%. Strategic Education’s dividend payout ratio (DPR) is presently 35.98%.
In other Strategic Education news, Chairman Robert S. Silberman sold 32,226 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $147.79, for a total transaction of $4,762,680.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andrew E. Watt sold 1,316 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $161.04, for a total transaction of $211,928.64. Following the sale, the chief operating officer now owns 15,164 shares of the company’s stock, valued at $2,442,010.56. The disclosure for this sale can be found here. Insiders have sold 72,861 shares of company stock valued at $10,741,571 over the last 90 days. Company insiders own 2.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its position in Strategic Education by 83.6% during the fourth quarter. Quadrant Capital Group LLC now owns 413 shares of the health services provider’s stock worth $63,000 after acquiring an additional 188 shares during the last quarter. Macquarie Group Ltd. lifted its position in Strategic Education by 4.6% during the fourth quarter. Macquarie Group Ltd. now owns 15,204 shares of the health services provider’s stock worth $2,416,000 after acquiring an additional 668 shares during the last quarter. Norges Bank acquired a new stake in Strategic Education during the fourth quarter worth approximately $53,804,000. Archer Investment Corp acquired a new stake in Strategic Education during the fourth quarter worth approximately $34,000. Finally, Geode Capital Management LLC lifted its position in Strategic Education by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 298,199 shares of the health services provider’s stock worth $47,383,000 after acquiring an additional 7,751 shares during the last quarter. Hedge funds and other institutional investors own 97.94% of the company’s stock.
Strategic Education Company Profile (NASDAQ:STRA)
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.
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