Strategic Education Inc (STRA) Receives Average Recommendation of “Buy” from Brokerages

Strategic Education Inc (NASDAQ:STRA) has been given an average recommendation of “Buy” by the six analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $172.33.

STRA has been the subject of several research reports. BidaskClub cut shares of Strategic Education from a “hold” rating to a “sell” rating in a research report on Thursday, December 27th. ValuEngine cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Finally, Zacks Investment Research raised shares of Strategic Education from a “hold” rating to a “strong-buy” rating and set a $130.00 price target for the company in a research report on Wednesday, January 9th.

In related news, General Counsel Lizette Benedi Herraiz sold 1,995 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $140.25, for a total transaction of $279,798.75. Following the completion of the sale, the general counsel now owns 20,679 shares of the company’s stock, valued at $2,900,229.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel Wayne Jackson sold 5,418 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $142.68, for a total transaction of $773,040.24. Following the sale, the chief financial officer now directly owns 47,497 shares of the company’s stock, valued at approximately $6,776,871.96. The disclosure for this sale can be found here. Insiders sold a total of 10,063 shares of company stock valued at $1,419,175 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Strategic Education by 2.3% during the fourth quarter. BlackRock Inc. now owns 3,226,093 shares of the health services provider’s stock valued at $365,903,000 after acquiring an additional 71,469 shares during the last quarter. Vanguard Group Inc lifted its position in Strategic Education by 100.5% during the third quarter. Vanguard Group Inc now owns 2,184,052 shares of the health services provider’s stock valued at $299,280,000 after acquiring an additional 1,094,853 shares during the last quarter. Vanguard Group Inc. lifted its position in Strategic Education by 100.5% during the third quarter. Vanguard Group Inc. now owns 2,184,052 shares of the health services provider’s stock valued at $299,280,000 after acquiring an additional 1,094,853 shares during the last quarter. Capital World Investors lifted its position in Strategic Education by 22.9% during the third quarter. Capital World Investors now owns 1,068,970 shares of the health services provider’s stock valued at $146,481,000 after acquiring an additional 198,995 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Strategic Education by 655.8% during the third quarter. Renaissance Technologies LLC now owns 946,321 shares of the health services provider’s stock valued at $129,674,000 after acquiring an additional 821,121 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

Strategic Education stock traded down $3.33 during trading hours on Wednesday, hitting $132.68. The company had a trading volume of 32,276 shares, compared to its average volume of 209,043. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00. Strategic Education has a 1 year low of $97.18 and a 1 year high of $154.89.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Friday, March 1st. The health services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.06. The company had revenue of $242.10 million during the quarter, compared to analysts’ expectations of $238.39 million. Strategic Education had a negative net margin of 2.47% and a positive return on equity of 9.17%. The firm’s quarterly revenue was up 103.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.09 EPS. On average, research analysts predict that Strategic Education will post 6.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.51%. Strategic Education’s payout ratio is presently 42.11%.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.

See Also: Systematic Risk

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