Strategic Education Inc. (NASDAQ:STRA) Receives Consensus Recommendation of “Hold” from Analysts

Strategic Education Inc. (NASDAQ:STRA) has been given an average rating of “Hold” by the five analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $95.3333.

Several analysts have weighed in on STRA shares. Truist Financial boosted their price objective on Strategic Education from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategic Education in a research note on Friday, July 17th. Zacks Research lowered shares of Strategic Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Barrington Research set a $105.00 target price on Strategic Education in a research note on Wednesday, July 29th. Finally, BMO Capital Markets lifted their price target on Strategic Education from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, July 6th.

Institutional Investors Weigh In On Strategic Education

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd raised its position in Strategic Education by 15.6% during the second quarter. WINTON GROUP Ltd now owns 7,400 shares of the health services provider’s stock worth $567,000 after acquiring an additional 1,000 shares in the last quarter. Engineers Gate Manager LP boosted its stake in Strategic Education by 28.4% in the 2nd quarter. Engineers Gate Manager LP now owns 18,617 shares of the health services provider’s stock valued at $1,426,000 after purchasing an additional 4,114 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Strategic Education in the 2nd quarter valued at $55,000. Squarepoint Ops LLC grew its holdings in Strategic Education by 6.4% in the 2nd quarter. Squarepoint Ops LLC now owns 64,476 shares of the health services provider’s stock valued at $4,940,000 after buying an additional 3,895 shares in the last quarter. Finally, Allworth Financial LP increased its position in Strategic Education by 52.4% during the 2nd quarter. Allworth Financial LP now owns 640 shares of the health services provider’s stock worth $49,000 after buying an additional 220 shares during the period. Institutional investors own 93.27% of the company’s stock.

Strategic Education Stock Up 1.3%

Shares of NASDAQ:STRA opened at $82.73 on Tuesday. Strategic Education has a 12 month low of $69.70 and a 12 month high of $89.73. The company’s 50-day moving average price is $81.75 and its two-hundred day moving average price is $80.53. The firm has a market cap of $1.84 billion, a P/E ratio of 13.79, a P/E/G ratio of 0.75 and a beta of 0.49.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Wednesday, July 29th. The health services provider reported $1.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.04). The company had revenue of $321.60 million during the quarter, compared to analyst estimates of $327.55 million. Strategic Education had a net margin of 10.46% and a return on equity of 8.98%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.54 EPS. As a group, equities analysts predict that Strategic Education will post 7.23 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Friday, September 4th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, September 4th. Strategic Education’s payout ratio is presently 40.00%.

About Strategic Education

Strategic Education, Inc is a provider of postsecondary education serving working adults and other learners primarily in the United States. The company delivers academic programs through its Strayer University and Capella University institutions, using online instruction as well as campus-based and blended learning formats.

Its offerings include associate, bachelor’s, master’s and doctoral degree programs, along with certificates and other professional learning opportunities. Areas of study include business, information technology, healthcare, education, public administration and other career-focused disciplines.