Strategic Education, Inc. (NASDAQ:STRA) General Counsel Lizette Benedi Herraiz Sells 1,452 Shares

Strategic Education, Inc. (NASDAQ:STRA) General Counsel Lizette Benedi Herraiz sold 1,452 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $82.21, for a total transaction of $119,368.92. Following the transaction, the general counsel now directly owns 61,716 shares in the company, valued at approximately $5,073,672.36. The trade was a 2.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Strategic Education Stock Down 0.4 %

STRA traded down $0.36 during trading on Monday, reaching $82.37. 214,391 shares of the company’s stock were exchanged, compared to its average volume of 131,237. The business has a 50 day moving average price of $95.22 and a 200 day moving average price of $94.27. The company has a market capitalization of $2.02 billion, a P/E ratio of 15.69, a PEG ratio of 1.22 and a beta of 0.59. Strategic Education, Inc. has a fifty-two week low of $78.43 and a fifty-two week high of $123.62.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.10). Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The company had revenue of $311.46 million for the quarter, compared to analyst estimates of $315.18 million. As a group, research analysts forecast that Strategic Education, Inc. will post 4.79 EPS for the current year.

Strategic Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.91%. Strategic Education’s dividend payout ratio (DPR) is presently 51.39%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on STRA shares. BMO Capital Markets decreased their price target on shares of Strategic Education from $114.00 to $97.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. StockNews.com lowered Strategic Education from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Barrington Research cut their price target on Strategic Education from $135.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, February 27th.

Institutional Trading of Strategic Education

A number of institutional investors and hedge funds have recently modified their holdings of STRA. US Bancorp DE grew its holdings in Strategic Education by 12.8% during the third quarter. US Bancorp DE now owns 1,938 shares of the health services provider’s stock valued at $179,000 after purchasing an additional 220 shares during the period. Amalgamated Bank grew its stake in shares of Strategic Education by 5.3% during the 3rd quarter. Amalgamated Bank now owns 7,086 shares of the health services provider’s stock worth $656,000 after acquiring an additional 354 shares in the last quarter. Principal Financial Group Inc. lifted its position in Strategic Education by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 120,628 shares of the health services provider’s stock worth $11,164,000 after buying an additional 12,437 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Strategic Education by 22.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 20,353 shares of the health services provider’s stock valued at $1,884,000 after purchasing an additional 3,744 shares during the last quarter. Finally, Versor Investments LP grew its stake in shares of Strategic Education by 111.8% in the third quarter. Versor Investments LP now owns 4,113 shares of the health services provider’s stock valued at $381,000 after buying an additional 2,171 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

About Strategic Education

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.