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

Strategic Education, Inc. (NASDAQ:STRA - Get Free Report) General Counsel Lizette Benedi Herraiz sold 1,452 shares of Strategic Education stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $82.21, for a total transaction of $119,368.92. Following the sale, the general counsel now owns 61,716 shares in the company, valued at approximately $5,073,672.36. This represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Strategic Education Trading Down 1.0 %

NASDAQ STRA traded down $0.77 on Thursday, hitting $79.14. 116,985 shares of the company were exchanged, compared to its average volume of 132,508. The company has a market cap of $1.94 billion, a PE ratio of 15.07, a PEG ratio of 1.22 and a beta of 0.59. The stock has a fifty day moving average of $94.48 and a 200-day moving average of $93.95. Strategic Education, Inc. has a 12 month low of $78.43 and a 12 month high of $123.62.

Strategic Education (NASDAQ:STRA - Get Free Report) 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%. The firm had revenue of $311.46 million during the quarter, compared to analyst estimates of $315.18 million. On average, analysts expect that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

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Strategic Education Announces Dividend

The firm 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. The ex-dividend date is Monday, March 10th. This represents a $2.40 annualized dividend and a yield of 3.03%. Strategic Education's payout ratio is 51.39%.

Institutional Trading of Strategic Education

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Burgundy Asset Management Ltd. lifted its holdings in shares of Strategic Education by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,258,680 shares of the health services provider's stock valued at $117,586,000 after purchasing an additional 20,456 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Strategic Education by 19.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,459 shares of the health services provider's stock valued at $4,527,000 after buying an additional 7,926 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Strategic Education by 90.3% during the 4th quarter. Two Sigma Advisers LP now owns 4,425 shares of the health services provider's stock valued at $413,000 after acquiring an additional 2,100 shares in the last quarter. Systematic Financial Management LP boosted its holdings in Strategic Education by 31.3% during the 4th quarter. Systematic Financial Management LP now owns 30,820 shares of the health services provider's stock worth $2,879,000 after acquiring an additional 7,340 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Strategic Education by 6.2% in the 4th quarter. Royal Bank of Canada now owns 589,053 shares of the health services provider's stock worth $55,029,000 after acquiring an additional 34,608 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

STRA has been the topic of a number of analyst reports. StockNews.com lowered Strategic Education from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. BMO Capital Markets decreased their target price on shares of Strategic Education from $114.00 to $97.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Finally, Barrington Research dropped their price target on shares of Strategic Education from $135.00 to $120.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th.

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.