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

Barrington Research reaffirmed their outperform rating on shares of Strategic Education (NASDAQ:STRA) in a research report released on Tuesday morning,Benzinga reports. They currently have a $135.00 target price on the health services provider’s stock.

STRA has been the subject of several other reports. Truist Financial reduced their price target on Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $126.00.

Strategic Education Price Performance

Shares of STRA opened at $97.21 on Tuesday. The company’s 50-day moving average is $96.23 and its 200-day moving average is $96.60. The firm has a market capitalization of $2.39 billion, a PE ratio of 18.52, a PEG ratio of 1.15 and a beta of 0.58. Strategic Education has a fifty-two week low of $85.11 and a fifty-two week high of $123.62.

Strategic Education (NASDAQ:STRA) last released 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. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm had revenue of $305.96 million for the quarter, compared to analysts’ expectations of $301.62 million. During the same period in the prior year, the firm earned $0.97 EPS. The business’s revenue was up 7.0% on a year-over-year basis. Analysts predict that Strategic Education will post 4.79 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.47%. Strategic Education’s payout ratio is 45.71%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Strategic Education in the 3rd quarter valued at approximately $37,000. Allspring Global Investments Holdings LLC bought a new position in Strategic Education in the third quarter valued at approximately $55,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Strategic Education during the 2nd quarter worth $107,000. CWM LLC boosted its stake in shares of Strategic Education by 332.1% in the 3rd quarter. CWM LLC now owns 1,426 shares of the health services provider’s stock valued at $132,000 after purchasing an additional 1,096 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Strategic Education by 12.8% during the third quarter. US Bancorp DE now owns 1,938 shares of the health services provider’s stock worth $179,000 after buying an additional 220 shares in 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.