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

Strategic Education (NASDAQ:STRA)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a note issued to investors on Thursday,Benzinga reports. They presently have a $105.00 target price on the health services provider’s stock. Barrington Research’s price objective suggests a potential upside of 28.95% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets reissued an “outperform” rating on shares of Strategic Education in a research note on Monday, September 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Strategic Education from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.33.

Strategic Education Price Performance

NASDAQ:STRA opened at $81.43 on Thursday. Strategic Education has a 1-year low of $72.25 and a 1-year high of $104.51. The company has a 50-day moving average of $79.16 and a 200 day moving average of $81.04. The firm has a market cap of $1.91 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Thursday, November 6th. The health services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.30 by $0.33. Strategic Education had a net margin of 9.08% and a return on equity of 8.18%. The business had revenue of $319.95 million during the quarter, compared to analyst estimates of $315.40 million. During the same quarter in the previous year, the business posted $1.16 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Strategic Education will post 4.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Strategic Education

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshfield Associates increased its stake in shares of Strategic Education by 0.7% in the 1st quarter. Marshfield Associates now owns 1,849,034 shares of the health services provider’s stock worth $155,245,000 after acquiring an additional 12,543 shares during the last quarter. Burgundy Asset Management Ltd. grew its holdings in shares of Strategic Education by 3.3% in the second quarter. Burgundy Asset Management Ltd. now owns 1,524,317 shares of the health services provider’s stock valued at $129,765,000 after purchasing an additional 48,486 shares during the period. Royal Bank of Canada increased its position in Strategic Education by 9.5% during the first quarter. Royal Bank of Canada now owns 645,235 shares of the health services provider’s stock worth $54,174,000 after purchasing an additional 56,182 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Strategic Education by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 610,839 shares of the health services provider’s stock valued at $52,007,000 after purchasing an additional 26,872 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Strategic Education by 6.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 449,578 shares of the health services provider’s stock valued at $38,273,000 after purchasing an additional 26,029 shares during the last quarter. Institutional investors and hedge funds 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.