Insider Buying: Strategic Education, Inc. (NASDAQ:STRA) Director Buys 600 Shares of Stock

Strategic Education, Inc. (NASDAQ:STRA) Director Michael A. Mcrobbie purchased 600 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $81.80 per share, with a total value of $49,080.00. Following the purchase, the director now directly owns 6,135 shares of the company’s stock, valued at $501,843. This trade represents a 10.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Strategic Education Trading Down 2.9 %

Shares of Strategic Education stock opened at $79.99 on Wednesday. Strategic Education, Inc. has a 12 month low of $78.43 and a 12 month high of $123.62. The business has a fifty day simple moving average of $94.75 and a two-hundred day simple moving average of $94.05. The firm has a market capitalization of $1.96 billion, a P/E ratio of 15.24, a P/E/G ratio of 1.22 and a beta of 0.59.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results 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 return on equity of 7.61% and a net margin of 10.44%. The company had revenue of $311.46 million during the quarter, compared to the consensus estimate of $315.18 million. Analysts predict that Strategic Education, Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend 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 presently 51.39%.

Analyst Ratings Changes

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

Institutional Trading of Strategic Education

Several institutional investors have recently bought and sold shares of the company. Burgundy Asset Management Ltd. raised its holdings 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 worth $117,586,000 after buying an additional 20,456 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 worth $4,527,000 after acquiring an additional 7,926 shares during the last quarter. Two Sigma Advisers LP boosted 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 purchasing an additional 2,100 shares during the last quarter. Systematic Financial Management LP increased its holdings in shares of Strategic Education by 31.3% in the 4th quarter. Systematic Financial Management LP now owns 30,820 shares of the health services provider’s stock worth $2,879,000 after purchasing an additional 7,340 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Strategic Education by 6.2% in the fourth quarter. Royal Bank of Canada now owns 589,053 shares of the health services provider’s stock worth $55,029,000 after purchasing an additional 34,608 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

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.