Strategic Education (NASDAQ:STRA) Chairman Purchases $58,028.76 in Stock
by Renee Jackson · The Cerbat GemStrategic Education Inc. (NASDAQ:STRA – Get Free Report) Chairman Robert Silberman acquired 718 shares of the company’s stock in a transaction on Friday, March 13th. The shares were acquired at an average cost of $80.82 per share, for a total transaction of $58,028.76. Following the completion of the acquisition, the chairman owned 319,870 shares of the company’s stock, valued at approximately $25,851,893.40. The trade was a 0.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Strategic Education Price Performance
NASDAQ:STRA traded down $1.50 on Monday, reaching $79.26. 240,291 shares of the company’s stock were exchanged, compared to its average volume of 266,538. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 0.77 and a beta of 0.56. Strategic Education Inc. has a 52 week low of $72.17 and a 52 week high of $93.45. The stock has a fifty day simple moving average of $81.37 and a 200-day simple moving average of $80.89.
Strategic Education (NASDAQ:STRA – Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The health services provider reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.27. The company had revenue of $311.46 million for the quarter, compared to analyst estimates of $322.29 million. Strategic Education had a net margin of 9.98% and a return on equity of 8.75%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.27 earnings per share. As a group, sell-side analysts predict that Strategic Education Inc. will post 4.79 EPS for the current year.
Strategic Education Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $2.40 dividend on an annualized basis and a yield of 3.0%. Strategic Education’s payout ratio is presently 44.28%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Lightrock Netherlands B.V. grew its position in shares of Strategic Education by 155.7% during the 3rd quarter. Lightrock Netherlands B.V. now owns 234,719 shares of the health services provider’s stock valued at $20,188,000 after purchasing an additional 142,915 shares in the last quarter. Bastion Asset Management Inc. purchased a new stake in shares of Strategic Education in the third quarter worth $1,175,000. Y Intercept Hong Kong Ltd boosted its stake in Strategic Education by 158.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 25,438 shares of the health services provider’s stock valued at $2,188,000 after buying an additional 15,588 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Strategic Education by 56.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 262,035 shares of the health services provider’s stock valued at $22,307,000 after buying an additional 94,955 shares during the period. Finally, Summit Global Investments purchased a new position in Strategic Education during the second quarter worth about $325,000. 93.27% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on STRA. Zacks Research raised Strategic Education from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Wall Street Zen upgraded Strategic Education from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Weiss Ratings restated a “hold (c)” rating on shares of Strategic Education in a research note on Thursday, January 22nd. Finally, Barrington Research reaffirmed an “outperform” rating and set a $105.00 target price on shares of Strategic Education in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $99.33.
Read Our Latest Report on Strategic Education
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.