Strategic Education (NASDAQ:STRA) Rating Reiterated by Barrington Research

Strategic Education (NASDAQ:STRA)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a report released on Thursday, Benzinga reports. They currently have a $135.00 target price on the health services provider’s stock. Barrington Research’s target price suggests a potential upside of 45.60% from the stock’s previous close.

Several other equities analysts have also commented on STRA. BMO Capital Markets dropped their target price on Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. StockNews.com raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $132.25.

Strategic Education Price Performance

Strategic Education stock opened at $92.72 on Thursday. The firm’s 50-day moving average is $98.16 and its two-hundred day moving average is $105.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $2.28 billion, a P/E ratio of 21.97, a P/E/G ratio of 1.32 and a beta of 0.56. Strategic Education has a 12-month low of $74.43 and a 12-month high of $123.62.

Strategic Education (NASDAQ:STRA) last released its earnings results on Wednesday, July 31st. The health services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.19 by $0.14. The firm had revenue of $312.30 million during the quarter, compared to analysts’ expectations of $308.16 million. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. Strategic Education’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. Equities analysts predict that Strategic Education will post 4.65 earnings per share for the current year.

Insider Transactions at Strategic Education

In other news, Director Viet D. Dinh bought 5,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $95.59 per share, for a total transaction of $477,950.00. Following the acquisition, the director now owns 20,020 shares of the company’s stock, valued at $1,913,711.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Strategic Education

Hedge funds have recently made changes to their positions in the business. Daiwa Securities Group Inc. increased its holdings in Strategic Education by 46.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider’s stock valued at $44,000 after purchasing an additional 125 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Strategic Education by 2.6% during the second quarter. Arizona State Retirement System now owns 6,199 shares of the health services provider’s stock valued at $686,000 after purchasing an additional 160 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of Strategic Education by 1.3% during the first quarter. Illinois Municipal Retirement Fund now owns 12,984 shares of the health services provider’s stock worth $1,352,000 after purchasing an additional 165 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Strategic Education by 8.7% in the second quarter. Evergreen Capital Management LLC now owns 2,160 shares of the health services provider’s stock valued at $239,000 after purchasing an additional 172 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in Strategic Education by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the health services provider’s stock valued at $1,217,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

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.