Strategic Education (NASDAQ:STRA) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Strategic Education Inc. (NASDAQ:STRA) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $80.38 and traded as high as $84.12. Strategic Education shares last traded at $83.78, with a volume of 130,910 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barrington Research restated an “outperform” rating and issued a $105.00 target price on shares of Strategic Education in a report on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.33.

Strategic Education Price Performance

The firm has a market cap of $1.97 billion, a PE ratio of 17.42, a P/E/G ratio of 0.86 and a beta of 0.57. The business’s fifty day moving average is $79.81 and its 200-day moving average is $80.38.

Strategic Education (NASDAQ:STRA) last released its earnings results on Thursday, November 6th. The health services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.33. Strategic Education had a net margin of 9.08% and a return on equity of 8.18%. The firm had revenue of $319.95 million for the quarter, compared to analysts’ expectations of $315.40 million. During the same period in the previous year, the company earned $1.16 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts forecast that Strategic Education Inc. will post 4.79 EPS for the current year.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, December 1st. Strategic Education’s payout ratio is currently 49.90%.

Institutional Trading of Strategic Education

Hedge funds and other institutional investors have recently modified their holdings of the business. Burgundy Asset Management Ltd. raised its holdings in Strategic Education by 3.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,524,317 shares of the health services provider’s stock valued at $129,765,000 after acquiring an additional 48,486 shares during the period. Geode Capital Management LLC grew its holdings in Strategic Education by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 610,839 shares of the health services provider’s stock valued at $52,007,000 after buying an additional 26,872 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Strategic Education by 6.1% during the second quarter. Envestnet Asset Management Inc. now owns 449,578 shares of the health services provider’s stock valued at $38,273,000 after buying an additional 26,029 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Strategic Education by 27.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 332,767 shares of the health services provider’s stock worth $28,621,000 after buying an additional 70,732 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Strategic Education by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 263,217 shares of the health services provider’s stock worth $22,408,000 after buying an additional 4,116 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

About Strategic Education

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.