Barrington Research Reiterates Outperform Rating for Strategic Education (NASDAQ:STRA)

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

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.33.

Strategic Education Stock Down 0.8%

Shares of STRA opened at $85.62 on Monday. The business’s 50-day moving average price is $80.85 and its 200-day moving average price is $80.47. Strategic Education has a twelve month low of $72.25 and a twelve month high of $104.51. The stock has a market cap of $2.01 billion, a PE ratio of 17.80, a P/E/G ratio of 0.88 and a beta of 0.57.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results 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. The firm had revenue of $319.95 million for the quarter, compared to analysts’ expectations of $315.40 million. Strategic Education had a net margin of 9.08% and a return on equity of 8.18%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Analysts expect that Strategic Education will post 4.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Ellsworth Advisors LLC purchased a new stake in shares of Strategic Education during the fourth quarter valued at approximately $6,057,000. SG Americas Securities LLC boosted its position in Strategic Education by 438.8% in the fourth quarter. SG Americas Securities LLC now owns 61,531 shares of the health services provider’s stock worth $4,935,000 after purchasing an additional 50,110 shares during the last quarter. Miller Global Investments LLC bought a new stake in Strategic Education during the fourth quarter valued at approximately $526,000. GAMMA Investing LLC increased its stake in shares of Strategic Education by 281.6% in the 4th quarter. GAMMA Investing LLC now owns 725 shares of the health services provider’s stock worth $58,000 after purchasing an additional 535 shares in the last quarter. Finally, Allworth Financial LP lifted its position in Strategic Education by 88.5% during the third quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock valued at $25,000 after purchasing an additional 138 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

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.