Strategic Education, Inc. (NASDAQ:STRA) CEO Raymond Karl Mcdonnell Sells 31,855 Shares

Strategic Education, Inc. (NASDAQ:STRA - Get Free Report) CEO Raymond Karl Mcdonnell sold 31,855 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 140,281 shares in the company, valued at approximately $13,723,690.23. This trade represents a 18.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Strategic Education Trading Up 0.8 %

Shares of STRA traded up $0.68 during mid-day trading on Monday, reaching $81.21. The company had a trading volume of 267,343 shares, compared to its average volume of 128,591. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The firm has a fifty day simple moving average of $96.11 and a 200-day simple moving average of $94.65. Strategic Education, Inc. has a fifty-two week low of $78.62 and a fifty-two week high of $123.62.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share 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 company had revenue of $311.46 million during the quarter, compared to analyst estimates of $315.18 million. As a group, equities analysts predict that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

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Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Monday, March 10th. Strategic Education's dividend payout ratio is presently 51.39%.

Hedge Funds Weigh In On Strategic Education

Hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of Strategic Education in the 3rd quarter valued at $37,000. R Squared Ltd purchased a new position in shares of Strategic Education in the 4th quarter valued at $42,000. Smartleaf Asset Management LLC raised its stake in shares of Strategic Education by 394.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider's stock valued at $44,000 after acquiring an additional 383 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Strategic Education in the 3rd quarter valued at $55,000. Finally, Sterling Capital Management LLC raised its stake in shares of Strategic Education by 809.1% in the 4th quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider's stock valued at $65,000 after acquiring an additional 623 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. BMO Capital Markets decreased their price target on shares of Strategic Education from $114.00 to $97.00 and set an "outperform" rating on the stock in a report on Monday. Finally, Barrington Research decreased their price target on shares of Strategic Education from $135.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Strategic Education currently has a consensus rating of "Buy" and a consensus target price of $115.25.

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.