Strategic Education (NASDAQ:STRA) Cut to “Sell” at BidaskClub
Several other research firms also recently commented on STRA. Barrington Research reissued 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. BMO Capital Markets lifted their price target on shares of Strategic Education from $180.00 to $194.00 and gave the stock an outperform rating in a research note on Monday, June 3rd. Zacks Investment Research downgraded shares of Strategic Education from a buy rating to a hold rating and set a $154.00 target price on the stock. in a research note on Monday, July 8th. Finally, First Analysis reaffirmed a strong-buy rating and issued a $216.00 target price (up from $210.00) on shares of Strategic Education in a research note on Friday, June 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Strategic Education has a consensus rating of Buy and a consensus price target of $189.80.
Shares of STRA stock traded up $1.51 during trading hours on Wednesday, hitting $172.21. 605 shares of the company’s stock were exchanged, compared to its average volume of 142,691. The stock has a market capitalization of $3.75 billion, a P/E ratio of 36.34, a PEG ratio of 1.70 and a beta of 0.61. Strategic Education has a 12-month low of $102.21 and a 12-month high of $189.79. The stock has a 50 day simple moving average of $180.19.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, August 30th. Strategic Education’s payout ratio is 42.11%.
In related news, Director G Thomas Waite III sold 3,000 shares of Strategic Education stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $178.59, for a total value of $535,770.00. Following the transaction, the director now directly owns 11,951 shares of the company’s stock, valued at $2,134,329.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Todd A. Milano sold 6,449 shares of Strategic Education stock in a transaction on 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 transaction, the director now directly owns 7,543 shares in the company, valued at $1,361,285.21. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of STRA. Steward Partners Investment Advisory LLC bought a new stake in Strategic Education in the second quarter valued at $31,000. Quantamental Technologies LLC bought a new stake in Strategic Education in the first quarter valued at $42,000. Advisor Group Inc. boosted its holdings in Strategic Education by 17.8% in the second 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 in the last quarter. NEXT Financial Group Inc bought a new stake in Strategic Education in the second quarter valued at $170,000. Finally, Bank of Montreal Can boosted its holdings in Strategic Education by 12.9% in the first 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 in the last quarter. 94.98% of the stock is currently owned by institutional investors.
Strategic Education Company Profile
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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