Strategic Education (NASDAQ:STRA) CEO Raymond Karl Mcdonnell Sells 38,840 Shares

Strategic Education Inc. (NASDAQ:STRA) CEO Raymond Karl Mcdonnell sold 38,840 shares of Strategic Education stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $75.35, for a total value of $2,926,594.00. Following the completion of the transaction, the chief executive officer directly owned 106,332 shares of the company’s stock, valued at $8,012,116.20. This represents a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Strategic Education Stock Up 3.2%

NASDAQ:STRA traded up $2.43 during mid-day trading on Thursday, reaching $78.41. 437,507 shares of the company were exchanged, compared to its average volume of 229,599. The stock has a market cap of $1.84 billion, a PE ratio of 16.30, a PEG ratio of 0.78 and a beta of 0.55. Strategic Education Inc. has a 12 month low of $72.17 and a 12 month high of $93.45. The company has a fifty day moving average of $81.12 and a 200 day moving average of $80.70.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Thursday, February 26th. The health services provider reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.27. Strategic Education had a net margin of 9.08% and a return on equity of 8.18%. The company had revenue of $311.46 million during the quarter, compared to the consensus estimate of $322.29 million. On average, equities research analysts anticipate that Strategic Education Inc. will post 4.79 EPS for the current fiscal year.

Institutional Trading of Strategic Education

A number of hedge funds have recently modified their holdings of the company. Orion Porfolio Solutions LLC boosted its stake in Strategic Education by 1.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,367 shares of the health services provider’s stock worth $806,000 after acquiring an additional 129 shares during the last quarter. ProShare Advisors LLC raised its holdings in Strategic Education by 3.0% in the fourth quarter. ProShare Advisors LLC now owns 4,538 shares of the health services provider’s stock worth $364,000 after purchasing an additional 133 shares during the period. Allworth Financial LP boosted its position in shares of Strategic Education by 88.5% during the third quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock worth $25,000 after purchasing an additional 138 shares in the last quarter. Assetmark Inc. boosted its position in shares of Strategic Education by 54.3% during the second quarter. Assetmark Inc. now owns 395 shares of the health services provider’s stock worth $34,000 after purchasing an additional 139 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Strategic Education by 85.2% in the 2nd quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock valued at $33,000 after buying an additional 178 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on STRA shares. Barrington Research reissued an “outperform” rating and issued a $105.00 target price on shares of Strategic Education in a research note on Monday, January 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Strategic Education currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.33.

About Strategic Education

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.