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 company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the transaction, the chief executive officer now owns 140,281 shares of the company’s stock, valued at $13,723,690.23. This represents a 18.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Strategic Education Trading Down 18.5 %

STRA stock traded down $18.14 on Thursday, hitting $79.80. 319,728 shares of the company’s stock traded hands, compared to its average volume of 100,767. The stock 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. Strategic Education, Inc. has a 1-year low of $79.37 and a 1-year high of $123.62. The stock has a fifty day moving average of $96.88 and a 200-day moving average of $94.93.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, February 27th. The health services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.10). Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. On average, equities research analysts anticipate that Strategic Education, Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given 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 (DPR) is 45.71%.

Institutional Trading of Strategic Education

Several institutional investors and hedge funds have recently bought and sold shares of STRA. International Assets Investment Management LLC lifted its stake in Strategic Education by 10,374.4% during the third quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider’s stock valued at $18,467,000 after buying an additional 197,633 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Strategic Education by 76.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock valued at $36,941,000 after acquiring an additional 173,225 shares in the last quarter. Norges Bank acquired a new position in Strategic Education in the 4th quarter worth approximately $15,715,000. Arrowstreet Capital Limited Partnership grew its position in Strategic Education by 207.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,141 shares of the health services provider’s stock worth $16,362,000 after purchasing an additional 118,151 shares in the last quarter. Finally, Barclays PLC grew its position in Strategic Education by 202.3% during the 4th quarter. Barclays PLC now owns 114,765 shares of the health services provider’s stock worth $10,720,000 after purchasing an additional 76,804 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.