Strategic Education (NASDAQ:STRA) Earns “Outperform” Rating from Barrington Research

Strategic Education (NASDAQ:STRA)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a research note issued on Tuesday,Benzinga reports. They presently have a $120.00 target price on the health services provider’s stock. Barrington Research’s price objective indicates a potential upside of 52.54% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets reduced their price objective on shares of Strategic Education from $114.00 to $97.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th.

Strategic Education Trading Up 0.1 %

STRA opened at $78.67 on Tuesday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.22 and a beta of 0.58. Strategic Education has a 12-month low of $74.28 and a 12-month high of $123.62. The business’s fifty day simple moving average is $86.33 and its 200-day simple moving average is $91.52.

Strategic Education (NASDAQ:STRA) last posted its earnings results on Thursday, February 27th. The health services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.10). Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business had revenue of $311.46 million for the quarter, compared to analysts’ expectations of $315.18 million. On average, equities research analysts predict that Strategic Education will post 4.79 EPS for the current year.

Insider Buying and Selling at Strategic Education

In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 31,855 shares of Strategic Education stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the completion of the sale, the chief executive officer now owns 140,281 shares of the company’s stock, valued at approximately $13,723,690.23. The trade was a 18.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daniel Wayne Jackson sold 6,025 shares of Strategic Education stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $589,425.75. Following the sale, the chief financial officer now directly owns 81,756 shares of the company’s stock, valued at $7,998,189.48. This trade represents a 6.86 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,332 shares of company stock worth $3,825,169. 3.30% of the stock is owned by insiders.

Institutional Trading of Strategic Education

A number of hedge funds have recently modified their holdings of STRA. Handelsbanken Fonder AB boosted its holdings in Strategic Education by 17.8% during the fourth quarter. Handelsbanken Fonder AB now owns 5,960 shares of the health services provider’s stock worth $557,000 after buying an additional 900 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Strategic Education by 1,337.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,495 shares of the health services provider’s stock worth $794,000 after acquiring an additional 7,904 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Strategic Education by 76.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock worth $36,941,000 after acquiring an additional 173,225 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Strategic Education by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 120,628 shares of the health services provider’s stock valued at $11,164,000 after acquiring an additional 12,437 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Strategic Education by 9.8% in the 3rd quarter. HighTower Advisors LLC now owns 2,448 shares of the health services provider’s stock valued at $228,000 after purchasing an additional 218 shares in the last quarter. Hedge funds and other institutional investors 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.