Strategic Education, Inc. (NASDAQ:STRA) Shares Sold by Arizona State Retirement System

Arizona State Retirement System cut its position in shares of Strategic Education, Inc. (NASDAQ:STRA) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,154 shares of the health services provider’s stock after selling 148 shares during the quarter. Arizona State Retirement System’s holdings in Strategic Education were worth $568,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of STRA. Rice Hall James & Associates LLC increased its position in shares of Strategic Education by 3.2% during the 1st quarter. Rice Hall James & Associates LLC now owns 276,273 shares of the health services provider’s stock valued at $18,339,000 after purchasing an additional 8,438 shares during the period. Bank of New York Mellon Corp increased its position in shares of Strategic Education by 3.1% during the 1st quarter. Bank of New York Mellon Corp now owns 420,922 shares of the health services provider’s stock valued at $27,940,000 after purchasing an additional 12,646 shares during the period. US Bancorp DE increased its position in shares of Strategic Education by 585.2% during the 1st quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock valued at $86,000 after purchasing an additional 1,106 shares during the period. Citigroup Inc. increased its position in shares of Strategic Education by 9.7% during the 1st quarter. Citigroup Inc. now owns 19,819 shares of the health services provider’s stock valued at $1,316,000 after purchasing an additional 1,746 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Strategic Education by 16.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the health services provider’s stock valued at $95,000 after purchasing an additional 199 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Strategic Education

In related news, CEO Raymond Karl Mcdonnell sold 12,820 shares of Strategic Education stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of the sale, the chief executive officer now owns 161,359 shares of the company’s stock, valued at $15,488,850.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Daniel Wayne Jackson sold 3,713 shares of Strategic Education stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total transaction of $356,262.35. Following the completion of the sale, the chief financial officer now owns 71,770 shares of the company’s stock, valued at $6,886,331.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of Strategic Education stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total value of $1,230,591.80. Following the sale, the chief executive officer now directly owns 161,359 shares of the company’s stock, valued at approximately $15,488,850.41. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Strategic Education Stock Performance

Shares of Strategic Education stock opened at $98.11 on Friday. The stock has a market cap of $2.41 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 1.17 and a beta of 0.50. The business has a fifty day simple moving average of $100.81 and a 200-day simple moving average of $93.16. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. Strategic Education, Inc. has a 12 month low of $64.53 and a 12 month high of $111.95.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, February 29th. The health services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.34 by $0.34. The business had revenue of $302.70 million during the quarter, compared to analysts’ expectations of $297.48 million. Strategic Education had a return on equity of 5.52% and a net margin of 6.16%. Strategic Education’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. On average, sell-side analysts anticipate that Strategic Education, Inc. will post 4.6 EPS for the current fiscal year.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 11th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.40 dividend on an annualized basis and a yield of 2.45%. Strategic Education’s payout ratio is 82.76%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. TheStreet raised Strategic Education from a “c+” rating to a “b” rating in a research note on Thursday, February 29th. BMO Capital Markets raised their price objective on Strategic Education from $103.00 to $123.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Barrington Research reissued an “outperform” rating and set a $125.00 price objective on shares of Strategic Education in a research note on Tuesday, April 9th. Finally, Truist Financial raised Strategic Education from a “hold” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $125.00 in a research note on Wednesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Strategic Education has a consensus rating of “Moderate Buy” and a consensus price target of $124.25.

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.