Strategic Education (NASDAQ:STRA – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.
Several other brokerages have also recently weighed in on STRA. Barrington Research increased their price target on Strategic Education from $75.00 to $85.00 in a research note on Wednesday, July 27th. Truist Financial raised their target price on Strategic Education from $65.00 to $75.00 in a research note on Thursday, July 28th.
Strategic Education Stock Performance
Shares of NASDAQ STRA opened at $63.32 on Thursday. The stock’s fifty day moving average price is $65.38 and its two-hundred day moving average price is $66.54. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 31.98, a P/E/G ratio of 1.54 and a beta of 0.46. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 1.68. Strategic Education has a one year low of $48.01 and a one year high of $75.03.
Strategic Education (NASDAQ:STRA – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The health services provider reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.03). Strategic Education had a return on equity of 4.44% and a net margin of 4.45%. The business had revenue of $273.56 million for the quarter, compared to the consensus estimate of $275.88 million. During the same quarter in the prior year, the company earned $1.55 earnings per share. Strategic Education’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, equities analysts forecast that Strategic Education will post 2.66 EPS for the current year.
Hedge Funds Weigh In On Strategic Education
Several hedge funds and other institutional investors have recently added to or reduced their stakes in STRA. Clear Street Markets LLC bought a new stake in Strategic Education during the second quarter worth about $42,000. Gladius Capital Management LP grew its holdings in shares of Strategic Education by 24.3% during the 1st quarter. Gladius Capital Management LP now owns 1,168 shares of the health services provider’s stock worth $78,000 after acquiring an additional 228 shares during the period. US Bancorp DE grew its stake in shares of Strategic Education by 585.2% in the 1st quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock worth $86,000 after buying an additional 1,106 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Strategic Education by 16.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the health services provider’s stock worth $95,000 after buying an additional 199 shares during the last quarter. Finally, GHE LLC purchased a new stake in shares of Strategic Education in the 2nd quarter worth approximately $142,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.
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. 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 administration, accounting, information technology, education, health services administration, public administration, and criminal justice 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 an executive MBA online through its Jack Welch Management Institute.
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