Strategic Education’s (STRA) Outperform Rating Reaffirmed at Barrington Research

Strategic Education (NASDAQ:STRA)‘s stock had its “outperform” rating reaffirmed by research analysts at Barrington Research in a report issued on Tuesday,Benzinga reports. They presently have a $135.00 price target on the health services provider’s stock. Barrington Research’s price target would suggest a potential upside of 39.20% from the company’s previous close.

Several other brokerages also recently commented on STRA. Truist Financial reduced their target price on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. StockNews.com lowered Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $126.00.

Strategic Education Price Performance

Strategic Education stock opened at $96.98 on Tuesday. The business has a 50 day simple moving average of $96.24 and a 200 day simple moving average of $96.68. The company has a market capitalization of $2.38 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.15 and a beta of 0.58. Strategic Education has a one year low of $85.11 and a one year high of $123.62.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. The business had revenue of $305.96 million during the quarter, compared to analysts’ expectations of $301.62 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS. Equities analysts anticipate that Strategic Education will post 4.79 earnings per share for the current fiscal year.

Institutional Trading of Strategic Education

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STRA. International Assets Investment Management LLC lifted its position in Strategic Education by 10,374.4% during the 3rd quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider’s stock valued at $18,467,000 after purchasing an additional 197,633 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Strategic Education by 76.7% during the third quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock worth $36,941,000 after buying an additional 173,225 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Strategic Education in the second quarter valued at approximately $12,231,000. Weiss Asset Management LP bought a new position in Strategic Education in the third quarter valued at approximately $5,635,000. Finally, State Street Corp grew its holdings in Strategic Education by 6.1% during the 3rd quarter. State Street Corp now owns 890,133 shares of the health services provider’s stock worth $82,382,000 after acquiring an additional 50,980 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Strategic Education Company Profile

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.