Strategic Education, Inc. (NASDAQ:STRA) Receives $133.50 Average PT from Analysts

Shares of Strategic Education, Inc. (NASDAQ:STRAGet Free Report) have earned a consensus recommendation of “Buy” from the four brokerages that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $133.50.

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price target on Strategic Education from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 29th. StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Truist Financial boosted their price target on Strategic Education from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Barrington Research boosted their price target on Strategic Education from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, April 25th.

Read Our Latest Report on Strategic Education

Insiders Place Their Bets

In other Strategic Education news, Director Robert R. Grusky sold 462 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $120.99, for a total transaction of $55,897.38. Following the transaction, the director now owns 11,945 shares of the company’s stock, valued at $1,445,225.55. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Robert R. Grusky sold 350 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $122.50, for a total value of $42,875.00. Following the transaction, the director now owns 11,345 shares of the company’s stock, valued at $1,389,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert R. Grusky sold 462 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $120.99, for a total value of $55,897.38. Following the completion of the transaction, the director now directly owns 11,945 shares in the company, valued at approximately $1,445,225.55. The disclosure for this sale can be found here. Insiders have sold a total of 1,062 shares of company stock valued at $128,410 over the last 90 days. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Strategic Education

Several institutional investors and hedge funds have recently made changes to their positions in STRA. International Assets Investment Management LLC grew its position in shares of Strategic Education by 6,377.0% in the fourth quarter. International Assets Investment Management LLC now owns 178,182 shares of the health services provider’s stock valued at $16,459,000 after purchasing an additional 175,431 shares during the last quarter. Norges Bank acquired a new position in shares of Strategic Education in the fourth quarter valued at approximately $13,511,000. Goldman Sachs Group Inc. grew its position in shares of Strategic Education by 103.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider’s stock valued at $23,406,000 after purchasing an additional 128,961 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Strategic Education by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,334,695 shares of the health services provider’s stock valued at $123,287,000 after purchasing an additional 65,507 shares during the last quarter. Finally, Burgundy Asset Management Ltd. grew its position in shares of Strategic Education by 4.0% in the first quarter. Burgundy Asset Management Ltd. now owns 1,183,831 shares of the health services provider’s stock valued at $123,260,000 after purchasing an additional 45,870 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Stock Up 0.7 %

NASDAQ:STRA opened at $108.30 on Friday. Strategic Education has a 1 year low of $65.56 and a 1 year high of $123.62. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.06 and a beta of 0.57. The stock has a 50-day moving average price of $113.47 and a two-hundred day moving average price of $104.06.

Strategic Education (NASDAQ:STRAGet Free Report) last posted its earnings results on Thursday, April 25th. The health services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.51. The firm had revenue of $290.25 million during the quarter, compared to analysts’ expectations of $274.02 million. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. As a group, equities analysts expect that Strategic Education will post 4.96 earnings per share for the current year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 24th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Thursday, May 23rd. Strategic Education’s dividend payout ratio (DPR) is presently 56.87%.

About Strategic Education

(Get Free Report

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.

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