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

Barrington Research reaffirmed their buy rating on shares of Strategic Education (NASDAQ:STRA) in a research report sent to investors on Tuesday morning, AnalystRatings.com reports. Barrington Research currently has a $185.00 target price on the health services provider’s stock.

“We are reiterating our OUTPERFORM investment rating on this market leader. We will re‐evaluate our price target once the company reports second quarter results and we update our earnings model. Also, it should be noted that Strategic Education, Inc. will hold its first Investor and Analyst Day on Washington, D.C.”,” the firm’s analyst commented.

STRA has been the topic of several other research reports. BMO Capital Markets set a C$106.00 price objective on FirstService and gave the company a market perform rating in a report on Monday, June 3rd. Zacks Investment Research upgraded Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 price objective on the stock in a report on Monday, July 8th. First Analysis reiterated a strong-buy rating and set a $216.00 price objective (up previously from $210.00) on shares of Strategic Education in a report on Friday, June 28th. Finally, BidaskClub raised Zynerba Pharmaceuticals from a buy rating to a strong-buy rating in a research report on Saturday, May 18th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $184.80.

Shares of STRA opened at $188.04 on Tuesday. Strategic Education has a 1 year low of $102.21 and a 1 year high of $188.34. The company has a market capitalization of $3.95 billion, a PE ratio of 39.59, a P/E/G ratio of 1.86 and a beta of 0.62. The stock’s 50-day moving average is $180.37.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Wednesday, May 1st. The health services provider reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.23. Strategic Education had a positive return on equity of 8.74% and a negative net margin of 1.78%. The firm had revenue of $246.50 million for the quarter, compared to analysts’ expectations of $240.71 million. During the same quarter last year, the business earned $1.23 earnings per share. The company’s revenue was up 111.6% compared to the same quarter last year. Sell-side analysts anticipate that Strategic Education will post 6.47 earnings per share for the current year.

In other Strategic Education news, Director Todd A. Milano sold 6,449 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $180.47, for a total transaction of $1,163,851.03. Following the transaction, the director now owns 7,543 shares of the company’s stock, valued at approximately $1,361,285.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider J Kevin Gilligan sold 6,349 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $138.05, for a total value of $876,479.45. Following the transaction, the insider now directly owns 46,197 shares in the company, valued at approximately $6,377,495.85. The disclosure for this sale can be found here. In the last three months, insiders sold 40,749 shares of company stock worth $6,681,696. 3.60% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of STRA. Norges Bank acquired a new position in shares of Strategic Education during the 4th quarter worth approximately $42,272,000. Westfield Capital Management Co. LP acquired a new position in shares of Strategic Education during the 1st quarter worth approximately $24,416,000. FMR LLC increased its holdings in shares of Strategic Education by 694,279.2% during the 1st quarter. FMR LLC now owns 166,651 shares of the health services provider’s stock worth $21,883,000 after acquiring an additional 166,627 shares during the last quarter. ValueAct Holdings L.P. increased its holdings in shares of Strategic Education by 67.2% during the 4th quarter. ValueAct Holdings L.P. now owns 404,741 shares of the health services provider’s stock worth $45,906,000 after acquiring an additional 162,600 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC acquired a new position in shares of Strategic Education during the 4th quarter worth approximately $12,476,000. 97.09% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.

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