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 business’s stock in a transaction 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 completion of the sale, the general counsel now directly owns 61,716 shares of the company’s stock, 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 can be accessed through this hyperlink.

Strategic Education Stock Down 0.1 %

Strategic Education stock opened at $79.91 on Thursday. Strategic Education, Inc. has a 52-week low of $78.43 and a 52-week high of $123.62. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 1.22 and a beta of 0.59. The company has a fifty day simple moving average of $94.48 and a 200-day simple moving average of $93.95.

Strategic Education (NASDAQ:STRA) last released its earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.10). Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business had revenue of $311.46 million for the quarter, compared to analysts’ expectations of $315.18 million. On average, research analysts anticipate that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Monday, March 10th. Strategic Education’s dividend payout ratio is currently 51.39%.

Institutional Investors Weigh In On Strategic Education

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Strategic Education by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 2,793,685 shares of the health services provider’s stock valued at $260,986,000 after purchasing an additional 45,421 shares during the period. Marshfield Associates grew its holdings in shares of Strategic Education by 0.4% in the fourth quarter. Marshfield Associates now owns 1,836,491 shares of the health services provider’s stock valued at $171,565,000 after purchasing an additional 6,869 shares during the period. Burgundy Asset Management Ltd. lifted its position in 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 buying an additional 20,456 shares during the last quarter. State Street Corp lifted its position in Strategic Education by 6.1% in the third quarter. State Street Corp now owns 890,133 shares of the health services provider’s stock valued at $82,382,000 after buying an additional 50,980 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in Strategic Education by 12.9% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,286 shares of the health services provider’s stock valued at $57,760,000 after buying an additional 70,743 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Barrington Research dropped their target price on shares of Strategic Education from $135.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Finally, BMO Capital Markets dropped their target price 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.

Strategic Education Company Profile

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.