Strategic Education Inc. (NASDAQ:STRA) Receives Average Rating of “Hold” from Brokerages

by · The Cerbat Gem

Shares of Strategic Education Inc. (NASDAQ:STRA – Get Free Report) have earned an average recommendation of “Hold” from the five research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $95.3333.

A number of research firms have commented on STRA. Barrington Research set a $105.00 price objective on Strategic Education in a research note on Wednesday, July 29th. Zacks Research downgraded Strategic Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. BMO Capital Markets increased their target price on Strategic Education from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Wall Street Zen upgraded Strategic Education from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Truist Financial boosted their price target on Strategic Education from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, July 30th.

View Our Latest Analysis on Strategic Education

Strategic Education Trading Up 1.3%

Shares of STRA opened at $82.73 on Tuesday. Strategic Education has a 12 month low of $69.70 and a 12 month high of $89.73. The firm’s 50 day moving average is $81.75 and its 200-day moving average is $80.53. The stock has a market capitalization of $1.84 billion, a PE ratio of 13.79, a P/E/G ratio of 0.75 and a beta of 0.49.

Strategic Education (NASDAQ:STRA – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The health services provider reported $1.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.04). The business had revenue of $321.60 million during the quarter, compared to analyst estimates of $327.55 million. Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 earnings per share. Equities research analysts predict that Strategic Education will post 7.23 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Friday, September 4th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, September 4th. Strategic Education’s dividend payout ratio (DPR) is currently 40.00%.

Hedge Funds Weigh In On Strategic Education

Institutional investors have recently modified their holdings of the business. WINTON GROUP Ltd raised its position in Strategic Education by 15.6% in the second quarter. WINTON GROUP Ltd now owns 7,400 shares of the health services provider’s stock valued at $567,000 after purchasing an additional 1,000 shares during the last quarter. Engineers Gate Manager LP lifted its position in shares of Strategic Education by 28.4% in the 2nd quarter. Engineers Gate Manager LP now owns 18,617 shares of the health services provider’s stock worth $1,426,000 after purchasing an additional 4,114 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Strategic Education in the second quarter valued at $55,000. Squarepoint Ops LLC lifted its stake in shares of Strategic Education by 6.4% in the 2nd quarter. Squarepoint Ops LLC now owns 64,476 shares of the health services provider’s stock valued at $4,940,000 after purchasing an additional 3,895 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Strategic Education by 52.4% during the 2nd quarter. Allworth Financial LP now owns 640 shares of the health services provider’s stock worth $49,000 after buying an additional 220 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Strategic Education

(Get Free Report)

Strategic Education, Inc is a provider of postsecondary education serving working adults and other learners primarily in the United States. The company delivers academic programs through its Strayer University and Capella University institutions, using online instruction as well as campus-based and blended learning formats.

Its offerings include associate, bachelor’s, master’s and doctoral degree programs, along with certificates and other professional learning opportunities. Areas of study include business, information technology, healthcare, education, public administration and other career-focused disciplines.

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