Strategic Education Inc (STRA) General Counsel Lizette Benedi Herraiz Sells 1,995 Shares

Strategic Education Inc (NASDAQ:STRA) General Counsel Lizette Benedi Herraiz sold 1,995 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $140.25, for a total transaction of $279,798.75. Following the sale, the general counsel now directly owns 20,679 shares of the company’s stock, valued at approximately $2,900,229.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Strategic Education stock traded down $1.46 during mid-day trading on Thursday, hitting $137.36. The stock had a trading volume of 125,487 shares, compared to its average volume of 164,936. The company has a market capitalization of $3.04 billion, a P/E ratio of 28.92, a P/E/G ratio of 1.53 and a beta of 1.00. Strategic Education Inc has a one year low of $97.18 and a one year high of $154.89.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Friday, March 1st. The health services provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.06. The company had revenue of $242.10 million during the quarter, compared to the consensus estimate of $238.39 million. Strategic Education had a negative net margin of 2.47% and a positive return on equity of 9.17%. Strategic Education’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. As a group, analysts anticipate that Strategic Education Inc will post 6.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Monday, March 4th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, March 1st. Strategic Education’s payout ratio is currently 42.11%.

A number of brokerages have recently issued reports on STRA. Zacks Investment Research downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. BidaskClub raised shares of Strategic Education from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. BMO Capital Markets boosted their price objective on shares of Strategic Education from $131.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Finally, ValuEngine downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $161.25.

A number of hedge funds have recently made changes to their positions in STRA. Bank of Montreal Can lifted its stake in Strategic Education by 87.2% in the 3rd quarter. Bank of Montreal Can now owns 1,185 shares of the health services provider’s stock worth $163,000 after purchasing an additional 552 shares in the last quarter. Aperio Group LLC lifted its stake in Strategic Education by 143.9% in the 3rd quarter. Aperio Group LLC now owns 8,447 shares of the health services provider’s stock worth $1,157,000 after purchasing an additional 4,984 shares in the last quarter. Texas Permanent School Fund lifted its stake in Strategic Education by 272.6% in the 3rd quarter. Texas Permanent School Fund now owns 13,537 shares of the health services provider’s stock worth $1,855,000 after purchasing an additional 9,904 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in Strategic Education by 90.3% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 5,860 shares of the health services provider’s stock worth $803,000 after purchasing an additional 2,781 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of Strategic Education by 99.5% during the 3rd quarter. Arizona State Retirement System now owns 31,209 shares of the health services provider’s stock valued at $4,277,000 after buying an additional 15,568 shares in the last quarter. Institutional investors and hedge funds own 98.27% of the company’s stock.

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Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.

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