Strategic Education (NASDAQ:STRA) Director Buys $49,519.20 in Stock

Strategic Education Inc. (NASDAQ:STRA) Director Michael Thawley bought 940 shares of Strategic Education stock in a transaction that occurred on Tuesday, November 10th. The stock was bought at an average cost of $52.68 per share, with a total value of $49,519.20. Following the completion of the purchase, the director owned 14,044 shares in the company, valued at approximately $739,837.92. This trade represents a 7.17% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Michael Thawley also recently made the following trade(s):

• On Friday, November 6th, Michael Thawley acquired 950 shares of Strategic Education stock. The shares were purchased at an average cost of $51.42 per share, with a total value of $48,849.00.

Strategic Education Stock Performance

NASDAQ STRA opened at $55.08 on Friday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 324.00, a PEG ratio of 0.79 and a beta of 0.51. The stock’s 50 day moving average price is $76.61 and its two-hundred day moving average price is $79.41. Strategic Education Inc. has a 52 week low of $50.70 and a 52 week high of $89.73.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Thursday, November 5th. The health services provider reported $1.72 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.23). The business had revenue of $325.07 million for the quarter, compared to analyst estimates of $326.55 million. Strategic Education had a return on equity of 9.13% and a net margin of 0.74%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS. On average, equities research analysts forecast that Strategic Education Inc. will post 6.91 EPS for the current year.

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Monday, November 30th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Monday, November 30th. Strategic Education’s dividend payout ratio is 1,411.76%.

Analyst Upgrades and Downgrades

STRA has been the topic of a number of recent research reports. Wall Street Zen lowered Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. William Blair cut Strategic Education to a “market perform” rating in a research report on Friday, November 6th. Zacks Research downgraded Strategic Education from a “hold” rating to a “strong sell” rating in a report on Monday. Weiss Ratings lowered shares of Strategic Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Finally, Truist Financial boosted their price target on Strategic Education from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $87.00.

Hedge Funds Weigh In On Strategic Education

Institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Strategic Education in the second quarter valued at about $291,189,000. Dimensional Fund Advisors LP grew its holdings in shares of Strategic Education by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,458,740 shares of the health services provider’s stock valued at $121,017,000 after purchasing an additional 7,346 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Strategic Education by 30.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 454,509 shares of the health services provider’s stock valued at $37,706,000 after purchasing an additional 106,487 shares during the last quarter. Public Sector Pension Investment Board increased its position in Strategic Education by 10.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 263,439 shares of the health services provider’s stock worth $21,863,000 after purchasing an additional 25,658 shares in the last quarter. Finally, Algert Global LLC increased its holdings in shares of Strategic Education by 26.6% during the second quarter. Algert Global LLC now owns 275,342 shares of the health services provider’s stock worth $21,097,000 after buying an additional 57,824 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Strategic Education

Strategic Education, Inc. is an education services company that provides postsecondary programs and workforce-focused learning services. Its U.S. institutions include Strayer University and Capella University, which offer undergraduate and graduate programs in fields such as business, technology, health care and education through online and campus-based instruction. Outside the United States, the company operates Torrens University Australia and other education institutions serving students in Australia and New Zealand.