Strategic Education’s (STRA) Outperform Rating Reaffirmed at Barrington Research

Strategic Education (NASDAQ:STRA)‘s stock had its “outperform” rating restated by analysts at Barrington Research in a research report issued on Friday,Benzinga reports. They currently have a $105.00 price target on the health services provider’s stock. Barrington Research’s target price points to a potential upside of 38.12% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Weiss Ratings restated a “hold (c)” rating on shares of Strategic Education in a research report on Wednesday, October 8th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Strategic Education in a research note on Monday, September 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $99.33.

Strategic Education Stock Up 0.9%

STRA stock traded up $0.71 on Friday, reaching $76.02. 161,601 shares of the company’s stock were exchanged, compared to its average volume of 167,866. The stock has a fifty day moving average of $81.65 and a 200-day moving average of $82.55. The firm has a market cap of $1.82 billion, a PE ratio of 15.80, a P/E/G ratio of 0.92 and a beta of 0.63. Strategic Education has a twelve month low of $72.25 and a twelve month high of $104.51.

Insiders Place Their Bets

In related news, CFO Daniel Wayne Jackson acquired 1,900 shares of Strategic Education stock in a transaction dated Friday, August 29th. The shares were acquired at an average cost of $81.50 per share, for a total transaction of $154,850.00. Following the completion of the transaction, the chief financial officer directly owned 104,136 shares of the company’s stock, valued at $8,487,084. The trade was a 1.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director G Thomas Waite III sold 700 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $81.69, for a total value of $57,183.00. Following the sale, the director directly owned 15,926 shares in the company, valued at approximately $1,300,994.94. The trade was a 4.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Strategic Education

A number of institutional investors have recently modified their holdings of STRA. Ingalls & Snyder LLC raised its holdings in Strategic Education by 6.6% in the 3rd quarter. Ingalls & Snyder LLC now owns 21,924 shares of the health services provider’s stock valued at $1,886,000 after acquiring an additional 1,360 shares during the last quarter. Bastion Asset Management Inc. acquired a new position in Strategic Education in the third quarter valued at $1,175,000. PNC Financial Services Group Inc. boosted its stake in Strategic Education by 13.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,827 shares of the health services provider’s stock worth $157,000 after buying an additional 216 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in Strategic Education by 6.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 153,885 shares of the health services provider’s stock valued at $13,236,000 after buying an additional 9,530 shares during the period. Finally, LSV Asset Management purchased a new stake in Strategic Education in the 3rd quarter valued at about $129,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.