Strategic Education (NASDAQ:STRA) Reaches New 52-Week Low – What’s Next?

Strategic Education Inc. (NASDAQ:STRA) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $72.17 and last traded at $74.63, with a volume of 5178 shares traded. The stock had previously closed at $74.06.

Analyst Ratings Changes

A number of analysts recently weighed in on STRA shares. Barrington Research restated an “outperform” rating and set a $105.00 target price on shares of Strategic Education in a report on Monday, January 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Strategic Education has an average rating of “Moderate Buy” and a consensus price target of $99.33.

Strategic Education Price Performance

The firm has a market cap of $1.77 billion, a PE ratio of 15.69, a P/E/G ratio of 0.79 and a beta of 0.55. The business has a fifty day moving average price of $81.88 and a two-hundred day moving average price of $80.71.

Hedge Funds Weigh In On Strategic Education

A number of hedge funds have recently added to or reduced their stakes in the company. Lightrock Netherlands B.V. grew its holdings in shares of Strategic Education by 155.7% during the 3rd quarter. Lightrock Netherlands B.V. now owns 234,719 shares of the health services provider’s stock worth $20,188,000 after purchasing an additional 142,915 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Strategic Education by 56.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 262,035 shares of the health services provider’s stock worth $22,307,000 after buying an additional 94,955 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Strategic Education by 158.3% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 25,438 shares of the health services provider’s stock valued at $2,188,000 after buying an additional 15,588 shares during the period. Burgundy Asset Management Ltd. raised its stake in shares of Strategic Education by 3.3% in 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 buying an additional 48,486 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Strategic Education by 1,939.3% during the 2nd quarter. Cerity Partners LLC now owns 114,954 shares of the health services provider’s stock worth $9,786,000 after acquiring an additional 109,317 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.