Strategic Education Inc (NASDAQ:STRA) has been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $189.80.
A number of equities research analysts have issued reports on the company. First Analysis restated a “strong-buy” rating and set a $216.00 price target (up from $210.00) on shares of Strategic Education in a research note on Friday, June 28th. Zacks Investment Research downgraded Strategic Education from a “buy” rating to a “hold” rating and set a $154.00 price target for the company. in a research note on Monday, July 8th. BidaskClub downgraded Strategic Education from a “hold” rating to a “sell” rating in a research note on Wednesday. BMO Capital Markets boosted their price target on Strategic Education from $180.00 to $194.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Finally, Barrington Research restated an “outperform” rating and set a $210.00 price target (up from $185.00) on shares of Strategic Education in a research note on Wednesday, July 31st.
NASDAQ:STRA traded up $1.93 during mid-day trading on Friday, reaching $172.63. The company’s stock had a trading volume of 378 shares, compared to its average volume of 142,691. Strategic Education has a 12-month low of $102.21 and a 12-month high of $189.79. The firm’s fifty day simple moving average is $180.19. The stock has a market capitalization of $3.75 billion, a PE ratio of 36.23, a P/E/G ratio of 1.70 and a beta of 0.61.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.16%. Strategic Education’s dividend payout ratio is currently 42.11%.
In other Strategic Education news, Director Todd A. Milano sold 6,449 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $180.47, for a total transaction of $1,163,851.03. Following the completion of the sale, the director now directly owns 7,543 shares in the company, valued at approximately $1,361,285.21. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director G Thomas Waite III sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $178.59, for a total value of $535,770.00. Following the sale, the director now owns 11,951 shares of the company’s stock, valued at $2,134,329.09. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
Several large investors have recently made changes to their positions in STRA. Steward Partners Investment Advisory LLC bought a new position in shares of Strategic Education during the 2nd quarter valued at approximately $31,000. Quantamental Technologies LLC bought a new position in shares of Strategic Education during the 1st quarter valued at approximately $42,000. Advisor Group Inc. grew its stake in shares of Strategic Education by 17.8% during the 2nd quarter. Advisor Group Inc. now owns 676 shares of the health services provider’s stock valued at $119,000 after acquiring an additional 102 shares during the period. NEXT Financial Group Inc bought a new position in shares of Strategic Education during the 2nd quarter valued at approximately $170,000. Finally, Bank of Montreal Can grew its stake in shares of Strategic Education by 12.9% during the 1st quarter. Bank of Montreal Can now owns 1,582 shares of the health services provider’s stock valued at $208,000 after acquiring an additional 181 shares during the period. Institutional investors own 94.98% of the company’s stock.
About Strategic Education
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.
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