Strategic Education (NASDAQ:STRA – Get Free Report) had its price objective hoisted by equities researchers at Bank of America from $104.00 to $124.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the health services provider’s stock. Bank of America‘s price target suggests a potential upside of 17.92% from the company’s current price.
STRA has been the subject of several other research reports. Barrington Research lifted their price objective on shares of Strategic Education from $100.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Friday. Truist Financial boosted their target price on shares of Strategic Education from $92.00 to $110.00 and gave the stock a “hold” rating in a research report on Friday. BMO Capital Markets boosted their price objective on shares of Strategic Education from $103.00 to $123.00 and gave the stock an “outperform” rating in a report on Friday. Finally, TheStreet upgraded shares of Strategic Education from a “c+” rating to a “b” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.50.
Read Our Latest Report on Strategic Education
Strategic Education Stock Down 3.2 %
STRA stock opened at $105.16 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. Strategic Education has a 1 year low of $64.53 and a 1 year high of $111.95. The company has a fifty day simple moving average of $95.12 and a 200 day simple moving average of $87.26. The firm has a market cap of $2.57 billion, a PE ratio of 36.26, a PEG ratio of 1.19 and a beta of 0.51.
Strategic Education (NASDAQ:STRA – Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The health services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.34. Strategic Education had a net margin of 6.16% and a return on equity of 5.52%. The business had revenue of $302.70 million during the quarter, compared to analyst estimates of $297.48 million. During the same quarter in the previous year, the business earned $0.78 EPS. Strategic Education’s quarterly revenue was up 12.2% compared to the same quarter last year. Sell-side analysts anticipate that Strategic Education will post 4.4 EPS for the current fiscal year.
Insiders Place Their Bets
In other Strategic Education news, CFO Daniel Wayne Jackson sold 3,713 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total transaction of $356,262.35. Following the sale, the chief financial officer now directly owns 71,770 shares of the company’s stock, valued at $6,886,331.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the sale, the chief executive officer now directly owns 161,359 shares of the company’s stock, valued at $15,488,850.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel Wayne Jackson sold 3,713 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total transaction of $356,262.35. Following the transaction, the chief financial officer now owns 71,770 shares in the company, valued at $6,886,331.50. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Hedge Funds Weigh In On Strategic Education
A number of large investors have recently modified their holdings of STRA. T. Rowe Price Investment Management Inc. lifted its position in shares of Strategic Education by 30.2% during the fourth 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 purchasing an additional 484,022 shares in the last quarter. Inclusive Capital Partners L.P. lifted its position in shares of Strategic Education by 24.9% during the second quarter. Inclusive Capital Partners L.P. now owns 1,897,260 shares of the health services provider’s stock worth $128,710,000 after purchasing an additional 377,911 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Strategic Education by 155.7% in the third quarter. Envestnet Asset Management Inc. now owns 396,049 shares of the health services provider’s stock valued at $29,803,000 after buying an additional 241,168 shares during the period. Norges Bank acquired a new position in Strategic Education in the fourth quarter valued at approximately $14,494,000. Finally, International Assets Investment Management LLC lifted its holdings in Strategic Education by 6,377.0% in the fourth quarter. International Assets Investment Management LLC now owns 178,182 shares of the health services provider’s stock valued at $16,459,000 after buying an additional 175,431 shares during the period. 97.53% of the stock is currently owned by institutional investors and hedge funds.
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. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company 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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Strategic Education, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Strategic Education wasn’t on the list.
While Strategic Education currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Which stocks are major institutional investors including hedge funds and endowments buying in today’s market? Click the link below and we’ll send you MarketBeat’s list of thirteen stocks that institutional investors are buying up as quickly as they can.
Source: marketbeat.com
