Equities research analysts at Bank of America initiated coverage on shares of Strategic Education (NASDAQ:STRA – Get Rating) in a research note issued to investors on Thursday, The Fly reports. The firm set a “neutral” rating on the health services provider’s stock.
A number of other equities analysts have also issued reports on STRA. Truist Financial raised their target price on shares of Strategic Education from $75.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, February 24th. StockNews.com assumed coverage on shares of Strategic Education in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. TheStreet upgraded shares of Strategic Education from a “c” rating to a “b-” rating in a research report on Wednesday, February 1st. Finally, Barrington Research lifted their price target on Strategic Education from $85.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 23rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $94.33.
Strategic Education Stock Up 0.6 %
Shares of NASDAQ:STRA opened at $94.17 on Thursday. The firm’s 50 day moving average price is $89.18 and its 200 day moving average price is $81.28. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 48.54, a price-to-earnings-growth ratio of 2.04 and a beta of 0.63. Strategic Education has a fifty-two week low of $59.43 and a fifty-two week high of $98.22. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.06.
Strategic Education (NASDAQ:STRA – Get Rating) last issued its earnings results on Wednesday, February 22nd. The health services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.15). Strategic Education had a net margin of 4.38% and a return on equity of 3.65%. The firm had revenue of $269.90 million during the quarter, compared to analyst estimates of $271.68 million. During the same period last year, the business earned $1.15 EPS. The firm’s revenue was down .8% compared to the same quarter last year. As a group, equities research analysts predict that Strategic Education will post 3.01 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. increased its holdings in shares of Strategic Education by 30.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,087,347 shares of the health services provider’s stock worth $163,482,000 after buying an additional 484,022 shares during the last quarter. Norges Bank acquired a new stake in shares of Strategic Education during the 4th quarter worth $14,494,000. Dimensional Fund Advisors LP increased its holdings in shares of Strategic Education by 19.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 659,560 shares of the health services provider’s stock worth $43,783,000 after buying an additional 105,375 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Strategic Education by 1,151.7% during the 4th quarter. Voya Investment Management LLC now owns 112,624 shares of the health services provider’s stock worth $8,821,000 after buying an additional 103,626 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Strategic Education by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 2,538,802 shares of the health services provider’s stock worth $168,526,000 after purchasing an additional 103,533 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.
About Strategic Education
Strategic Education, Inc engages in the provision of educational services. It provides access to education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills. The firm operates through three segments: U.S. Higher Education, Education Technology Services and Australia/New Zealand.
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