Shares of Strategic Education Inc (NASDAQ:STRA) have received a consensus rating of “Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $189.80.
A number of equities analysts recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $210.00 price objective (up previously from $185.00) on shares of Strategic Education in a research note on Wednesday, July 31st. BMO Capital Markets raised their price objective on shares of Strategic Education from $180.00 to $194.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. BidaskClub lowered shares of Strategic Education from a “hold” rating to a “sell” rating in a research note on Wednesday. First Analysis reaffirmed a “strong-buy” rating and issued a $216.00 price objective (up previously from $210.00) on shares of Strategic Education in a research note on Friday, June 28th. Finally, Zacks Investment Research lowered shares of Strategic Education from a “buy” rating to a “hold” rating and set a $154.00 price objective for the company. in a research note on Monday, July 8th.
NASDAQ:STRA traded up $2.20 during trading hours on Friday, reaching $175.17. 94,900 shares of the company’s stock were exchanged, compared to its average volume of 141,013. The business’s 50-day simple moving average is $180.05 and its two-hundred day simple moving average is $156.86. Strategic Education has a 12 month low of $102.21 and a 12 month high of $189.79. The company has a market capitalization of $3.75 billion, a P/E ratio of 36.88, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61.
Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Wednesday, July 31st. The health services provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.12. Strategic Education had a net margin of 0.62% and a return on equity of 8.65%. The firm had revenue of $245.10 million during the quarter, compared to analyst estimates of $240.79 million. During the same quarter last year, the business posted $0.87 EPS. The company’s revenue was up 113.7% on a year-over-year basis. On average, sell-side analysts forecast that Strategic Education will post 6.68 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, August 30th. Strategic Education’s dividend payout ratio (DPR) is currently 42.11%.
In other Strategic Education news, Director G Thomas Waite III sold 3,000 shares of Strategic Education stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $178.59, for a total transaction of $535,770.00. Following the completion of the sale, the director now owns 11,951 shares of the company’s stock, valued at approximately $2,134,329.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Todd A. Milano sold 6,449 shares of Strategic Education stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $180.47, for a total transaction of $1,163,851.03. Following the sale, the director now directly owns 7,543 shares of the company’s stock, valued at approximately $1,361,285.21. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
Several large investors have recently modified their holdings of STRA. Royal Bank of Canada raised its holdings in Strategic Education by 7.7% in the 2nd quarter. Royal Bank of Canada now owns 38,507 shares of the health services provider’s stock worth $6,856,000 after acquiring an additional 2,749 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in Strategic Education by 134.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 701 shares of the health services provider’s stock worth $126,000 after acquiring an additional 402 shares during the period. Amundi Pioneer Asset Management Inc. raised its holdings in Strategic Education by 136.8% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 14,054 shares of the health services provider’s stock worth $2,502,000 after acquiring an additional 8,120 shares during the period. BRYN MAWR TRUST Co bought a new position in Strategic Education in the 2nd quarter worth $254,000. Finally, Voloridge Investment Management LLC bought a new position in Strategic Education in the 2nd quarter worth $1,219,000. 94.98% of the stock is owned by 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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