Barrington Research Reaffirms Outperform Rating for Strategic Education (NASDAQ:STRA)

Strategic Education (NASDAQ:STRA)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a research note issued to investors on Monday,Benzinga reports. They currently have a $105.00 price target on the health services provider’s stock. Barrington Research’s price target would indicate a potential upside of 25.09% from the stock’s current price.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.33.

Strategic Education Price Performance

Shares of Strategic Education stock opened at $83.94 on Monday. The firm has a 50 day simple moving average of $81.13 and a 200 day simple moving average of $80.52. Strategic Education has a fifty-two week low of $72.25 and a fifty-two week high of $104.51. The firm has a market cap of $1.97 billion, a P/E ratio of 17.45, a P/E/G ratio of 0.87 and a beta of 0.57.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, November 6th. The health services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.33. The firm had revenue of $319.95 million for the quarter, compared to analyst estimates of $315.40 million. Strategic Education had a return on equity of 8.18% and a net margin of 9.08%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $1.16 EPS. On average, sell-side analysts expect that Strategic Education will post 4.79 EPS for the current year.

Hedge Funds Weigh In On Strategic Education

A number of hedge funds and other institutional investors have recently made changes to their positions in STRA. Orion Porfolio Solutions LLC increased its position in shares of Strategic Education by 1.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,367 shares of the health services provider’s stock valued at $806,000 after buying an additional 129 shares in the last quarter. MSH Capital Advisors LLC grew its stake in Strategic Education by 1.2% in the second quarter. MSH Capital Advisors LLC now owns 11,314 shares of the health services provider’s stock valued at $963,000 after acquiring an additional 137 shares during the period. Allworth Financial LP increased its holdings in shares of Strategic Education by 88.5% in the third quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock worth $25,000 after acquiring an additional 138 shares in the last quarter. Assetmark Inc. raised its position in shares of Strategic Education by 54.3% during the second quarter. Assetmark Inc. now owns 395 shares of the health services provider’s stock worth $34,000 after purchasing an additional 139 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of Strategic Education by 85.2% during the second quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock worth $33,000 after purchasing an additional 178 shares during the period. 93.27% of the stock is owned by institutional investors.

Strategic Education Company Profile

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.