Strategic Education Inc (STRA) Receives Consensus Rating of “Buy” from Brokerages

Shares of Strategic Education Inc (NASDAQ:STRA) have been assigned an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $149.75.

STRA has been the subject of several research analyst reports. ValuEngine lowered Strategic Education from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. BMO Capital Markets upped their price objective on Strategic Education to $152.00 and gave the company an “outperform” rating in a report on Friday, August 24th. Zacks Investment Research lowered Strategic Education from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Barrington Research assumed coverage on Strategic Education in a report on Tuesday, August 21st. They set an “outperform” rating and a $160.00 target price for the company. Finally, BidaskClub raised Strategic Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 18th.

STRA stock traded up $15.93 during trading on Thursday, reaching $150.21. 348,737 shares of the company’s stock were exchanged, compared to its average volume of 110,259. Strategic Education has a 1-year low of $80.75 and a 1-year high of $154.89. The firm has a market capitalization of $1.50 billion, a PE ratio of 48.30, a price-to-earnings-growth ratio of 3.03 and a beta of 1.03.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Thursday, November 8th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.24. Strategic Education had a return on equity of 18.39% and a net margin of 3.14%. The company had revenue of $160.90 million during the quarter, compared to analyst estimates of $185.48 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 48.3% on a year-over-year basis. As a group, analysts predict that Strategic Education will post 4.39 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.33%. Strategic Education’s dividend payout ratio is 64.31%.

In other news, insider J Kevin Gilligan sold 5,000 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $129.66, for a total transaction of $648,300.00. Following the completion of the sale, the insider now directly owns 136,995 shares of the company’s stock, valued at $17,762,771.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 60,000 shares of company stock valued at $7,899,800. 3.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its holdings in shares of Strategic Education by 72.0% during the third quarter. Crossmark Global Holdings Inc. now owns 3,576 shares of the health services provider’s stock valued at $490,000 after purchasing an additional 1,497 shares during the last quarter. Alliancebernstein L.P. raised its position in Strategic Education by 342.2% during the third quarter. Alliancebernstein L.P. now owns 61,907 shares of the health services provider’s stock valued at $8,483,000 after buying an additional 47,907 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Strategic Education by 126.2% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,136 shares of the health services provider’s stock valued at $704,000 after buying an additional 2,865 shares during the period. Piedmont Investment Advisors Inc. raised its position in Strategic Education by 97.6% during the third quarter. Piedmont Investment Advisors Inc. now owns 4,945 shares of the health services provider’s stock valued at $678,000 after buying an additional 2,443 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its position in Strategic Education by 119.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 5,646 shares of the health services provider’s stock valued at $774,000 after buying an additional 3,077 shares during the period. 99.93% of the stock is owned by institutional investors and hedge funds.

About Strategic Education

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.

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