According to the most recent report submitted to the Securities and Exchange Commission, BlackRock INC decreased the percentage of ownership in Strategic Education, INC (NASDAQ: STRA) held during the third quarter. Following the sale of 137,337 shares during that period, the total number of shares the company held in its equity stake in the health services provider was calculated to be 3,649,679.
At the end of the most recent fiscal quarter, BlackRock INC held approximately 14.93% of Strategic Education’s shares, valued at $224,128,000.
The stock has received commentary from a few experts in the field of equity research, who each presented their point of view. StockNews.com changed its recommendation for Strategic Education from a “buy” rating to a “hold” one in a report published on Thursday, February 23.
Barrington Research upgraded its rating of Strategic Education stock to “outperform” and increased its price target from $85.00 to $110.00 in a report published on Thursday, February 23.
In a study report by TheStreet on February 1, the ranking for strategic education was raised from a “C” to a “B-,” reflecting an improvement of one letter.
In a research note released on Friday, February 24, Truist Financial raised their price target on shares of Strategic Education from $75.00 to $85.00 and upgraded the stock from a “hold” rating to a “buy” rating. Research analysts have assigned the company’s stock two ratings indicating a hold and two ratings indicating a buy.
The stock is currently rated as having a consensus recommendation of “Moderate Buy,” Bloomberg.com reports that the price target has a consensus value of $94.33.
Recent transactions have caused adjustments to the proportion of the company’s stock that hedge funds and other institutional investors hold.
These investors include pension funds, endowments, and foundations. Rice Hall James & Associates LLC increased its holdings in Strategic Education by 3.2 percent over the first three months of 2018. Rice Hall James & Associates LLC now owns 276,273 shares of the stock held by the health services provider after making an additional purchase of 8,438 shares during the most recent quarter.
This brings the total number of shares owned by the company to 276.973.
There is a value of $18,339,000 attached to these shares.
During the first three months of 2018, the Bank of New York Mellon Corporation saw a 3.1% increase in the proportion of its interest allocated to strategic education.
The Bank of New York Mellon Corp. now has 420,922 shares of the health services provider’s stock, estimated at $27,940,000, after purchasing an additional 12,646 shares during the most recent quarter.
This brings the total number of shares that the company owns to a total of 420,922.
By increasing the number of shares it owned in Strategic Education during the first three months of the year, US Bancorp DE increased its stock holdings by 585.2%.
After purchasing an additional 1,106 shares of the health services provider’s stock during the period, US Bancorp DE now holds 1,295 shares.
Based on the stock’s current price, US Bancorp DE’s stock holdings are worth approximately $86,000.
During the first three months of 2018, Citigroup, INC increased the number of shares of Strategic Education owned by 9.7 percent. Currently, Citigroup INC possesses 19,819 shares of the health services provider’s stock, valued at $1,316,000.
This comes after the purchase of 1,746 additional shares during the most recent quarter of the fiscal year.
Last but not least, during the first quarter of 2018, PNC Financial Services Group INC increased the percentage of its ownership stake in Strategic Education by 16.0%.
This was the company’s most recent accomplishment.
PNC Financial Services Group INC now has 1,441 shares of the health services provider’s stock, currently valued at $95,000, thanks to acquiring an additional 199 shares during the period in question.
This brings the total number of shares owned by the company to 1,441. 95.33 percent of the company’s stock is owned by institutional investors such as hedge funds and other investment vehicles.
When trading started on Tuesday, a share of Strategic Education was $83.58.
The company possesses a beta coefficient of 0.60, a market capitalization equal to $2.04 billion, a PE ratio equal to 43.08, a P/E/G ratio equal to 1.89, and so on.
The yearly low and high for Strategic Education, INC over the past year came in at $58.25 and $98.22, respectively.
The ratio of total assets to current assets is 1.57; the ratio of quick assets to current assets is 1.57; and the ratio of total assets to current assets is also 1.57.
The ratio of debt to equity is 0.06. Over the past 50 days, the price of a share of the company’s stock has increased to $89.00, while the average price over the past 200 days has been $77.52.
On February 22, the most recent quarterly earnings report for Strategic Education (NASDAQ: STRA) was made public for the investing community.
The healthcare provider reported earnings of $0.78 per share for the quarter, which was $0.15 lower than the consensus estimate of $0.93 per share from industry analysts.
As seen by its net margin of 4.38% and return on equity of 3.65%, Strategic Education had a performance that was very much to its liking.
Even though market analysts had predicted that the company would bring in $271.68 million in revenue during the quarter, the actual amount that the company made in sales was $269.90 million.
During the same period the previous year, the corporation reported a profit of $1.15 per share.
In front of you, while holding this, and without a During the current fiscal year, sell-side analysts anticipate that Strategic Education, INC will bring in revenue equal to $3.01 per share on average.
In addition, the business had previously declared a quarterly dividend, which was paid out on the 13th of this particular month. On Monday, March 6, dividends for $0.60 per share were distributed to shareholders whose information was already on record.
There was a distribution of these items. When calculated annually, this results in a yield of 2.87% and a dividend payment of $2.40. On Friday, March 3, the dividend was distributed to the shareholders with a stake in the company.
At Strategic Education, the payout ratio is 123.71 percent, making it one of the highest in the industry.
Source: beststocks.com
