Strategic Education (NASDAQ:STRA) Posts Earnings Results, Beats Expectations By $0.27 EPS

Strategic Education (NASDAQ:STRA) posted its earnings results on Thursday. The health services provider reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.27, FiscalAI reports. The business had revenue of $311.46 million for the quarter, compared to analysts’ expectations of $322.29 million. Strategic Education had a return on equity of 8.18% and a net margin of 9.08%.

Strategic Education Stock Up 3.2%

NASDAQ STRA traded up $2.43 during trading hours on Thursday, hitting $78.41. 425,955 shares of the stock were exchanged, compared to its average volume of 229,596. Strategic Education has a 12-month low of $72.17 and a 12-month high of $93.45. The stock has a 50-day moving average of $81.12 and a 200 day moving average of $80.70. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 0.78 and a beta of 0.55.

Analyst Upgrades and Downgrades

STRA has been the topic of several research analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $105.00 price target on shares of Strategic Education in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategic Education in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Strategic Education has a consensus rating of “Moderate Buy” and an average target price of $99.33.

Institutional Trading of Strategic Education

Several hedge funds have recently modified their holdings of the business. Allworth Financial LP grew its holdings in Strategic Education by 88.5% during 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 during the period. Osaic Holdings Inc. grew its stake in shares of Strategic Education by 85.2% during the 2nd 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. Canada Pension Plan Investment Board acquired a new stake in shares of Strategic Education in the second quarter valued at about $94,000. EverSource Wealth Advisors LLC lifted its stake in shares of Strategic Education by 192.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,162 shares of the health services provider’s stock valued at $99,000 after purchasing an additional 765 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Strategic Education by 1,566.7% during the third quarter. Russell Investments Group Ltd. now owns 2,050 shares of the health services provider’s stock worth $176,000 after buying an additional 1,927 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

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.