Strategic Education’s (STRA) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Strategic Education (NASDAQ:STRA) in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a $135.00 price target on the health services provider’s stock.

STRA has been the subject of several other research reports. StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Truist Financial cut their target price on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, BMO Capital Markets lowered their price target on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Strategic Education presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

Strategic Education Stock Up 1.4 %

Shares of NASDAQ:STRA opened at $99.91 on Thursday. Strategic Education has a 1 year low of $85.11 and a 1 year high of $123.62. The company has a market capitalization of $2.46 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The business has a fifty day moving average price of $90.74 and a two-hundred day moving average price of $103.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.34 and a quick ratio of 1.57.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.35. The company had revenue of $305.96 million during the quarter, compared to analyst estimates of $301.62 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. Analysts forecast that Strategic Education will post 4.69 earnings per share for the current year.

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.40%. Strategic Education’s dividend payout ratio is currently 45.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of STRA. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Strategic Education in the second quarter valued at approximately $36,000. Meeder Asset Management Inc. purchased a new position in Strategic Education in the second quarter worth $36,000. CWM LLC increased its stake in Strategic Education by 2,650.0% in the second quarter. CWM LLC now owns 330 shares of the health services provider’s stock valued at $37,000 after acquiring an additional 318 shares during the last quarter. Innealta Capital LLC purchased a new stake in Strategic Education during the second quarter valued at about $38,000. Finally, Rothschild Investment LLC bought a new stake in Strategic Education during the second quarter worth about $38,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

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. 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.