Strategic Education (NASDAQ:STRA) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Strategic Education (NASDAQ:STRA) from a hold rating to a buy rating in a report released on Wednesday morning.

Separately, Barrington Research reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Strategic Education in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $126.00.

Strategic Education Stock Up 0.6 %

Shares of NASDAQ STRA opened at $97.94 on Wednesday. The company has a market cap of $2.41 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.22 and a beta of 0.59. Strategic Education has a 52 week low of $85.11 and a 52 week high of $123.62. The business has a 50-day simple moving average of $96.88 and a two-hundred day simple moving average of $94.93.

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Monday, December 2nd. Strategic Education’s payout ratio is 45.71%.

Institutional Trading of Strategic Education

A number of hedge funds have recently made changes to their positions in STRA. Vanguard Group Inc. increased its stake in Strategic Education by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 2,793,685 shares of the health services provider’s stock valued at $260,986,000 after acquiring an additional 45,421 shares during the last quarter. Marshfield Associates raised its holdings in shares of Strategic Education by 0.4% during the 4th quarter. Marshfield Associates now owns 1,836,491 shares of the health services provider’s stock valued at $171,565,000 after buying an additional 6,869 shares in the last quarter. Burgundy Asset Management Ltd. lifted its position in Strategic Education by 1.7% in the 4th 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. State Street Corp lifted its position in Strategic Education by 6.1% in the 3rd quarter. State Street Corp now owns 890,133 shares of the health services provider’s stock worth $82,382,000 after buying an additional 50,980 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its stake in shares of Strategic Education by 12.9% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,286 shares of the health services provider’s stock worth $57,760,000 after acquiring an additional 70,743 shares in the last quarter. 93.27% of the stock is owned by 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.