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

Strategic Education (NASDAQ:STRA)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a research note issued to investors on Monday,Benzinga reports. They presently have a $105.00 price target on the health services provider’s stock. Barrington Research’s price objective indicates a potential upside of 22.63% from the company’s current price.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Strategic Education in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.33.

Strategic Education Stock Performance

NASDAQ STRA opened at $85.62 on Monday. The stock has a 50 day moving average price of $80.85 and a 200-day moving average price of $80.47. Strategic Education has a one year low of $72.25 and a one year high of $104.51. The company has a market capitalization of $2.01 billion, a P/E ratio of 17.80, a P/E/G ratio of 0.88 and a beta of 0.57.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, November 6th. The health services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.33. Strategic Education had a return on equity of 8.18% and a net margin of 9.08%.The company had revenue of $319.95 million for the quarter, compared to analysts’ expectations of $315.40 million. During the same period in the previous year, the firm posted $1.16 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities analysts predict that Strategic Education will post 4.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Blue Trust Inc. purchased a new stake in shares of Strategic Education in the third quarter valued at about $25,000. Allworth Financial LP increased its stake in Strategic Education by 88.5% during the third quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock worth $25,000 after purchasing an additional 138 shares during the period. GAMMA Investing LLC lifted its holdings in Strategic Education by 148.9% during the 2nd quarter. GAMMA Investing LLC now owns 331 shares of the health services provider’s stock worth $28,000 after buying an additional 198 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Strategic Education by 85.2% in the second quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock worth $33,000 after acquiring an additional 178 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Strategic Education by 54.3% during the second quarter. Assetmark Inc. now owns 395 shares of the health services provider’s stock worth $34,000 after acquiring an additional 139 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Strategic Education

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.