Strategic Education (STRA) Raised to “Hold” at BidaskClub

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Strategic Education (NASDAQ:STRA) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday, BidAskClub reports.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Strategic Education from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Tuesday, January 29th. Barrington Research reiterated a “buy” rating and issued a $180.00 target price on shares of Strategic Education in a report on Friday, March 1st. ValuEngine upgraded Strategic Education from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Finally, BMO Capital Markets upped their target price on Strategic Education from $131.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $161.25.

STRA opened at $138.02 on Friday. Strategic Education has a 52-week low of $97.18 and a 52-week high of $154.89. The firm has a market cap of $2.93 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 1.47 and a beta of 0.99.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Friday, March 1st. The health services provider reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.06. Strategic Education had a positive return on equity of 9.17% and a negative net margin of 2.47%. The company had revenue of $242.10 million during the quarter, compared to analysts’ expectations of $238.39 million. During the same quarter in the previous year, the business earned $1.09 EPS. Strategic Education’s revenue was up 103.9% compared to the same quarter last year. As a group, equities analysts expect that Strategic Education will post 6.04 earnings per share for the current year.

In other Strategic Education news, insider Thomas J. Aprahamian sold 2,650 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $138.24, for a total value of $366,336.00. Following the completion of the sale, the insider now directly owns 11,877 shares in the company, valued at approximately $1,641,876.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Lizette Benedi Herraiz sold 1,995 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $140.25, for a total value of $279,798.75. Following the completion of the sale, the general counsel now owns 20,679 shares of the company’s stock, valued at $2,900,229.75. The disclosure for this sale can be found here. Insiders sold a total of 25,063 shares of company stock valued at $3,393,475 over the last quarter. Company insiders own 3.60% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in shares of Strategic Education by 375.6% during the 3rd quarter. Wells Fargo & Company MN now owns 76,424 shares of the health services provider’s stock worth $10,473,000 after purchasing an additional 60,354 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Strategic Education by 240.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 44,455 shares of the health services provider’s stock worth $6,092,000 after purchasing an additional 31,395 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Strategic Education by 342.2% during the 3rd quarter. Alliancebernstein L.P. now owns 61,907 shares of the health services provider’s stock worth $8,483,000 after purchasing an additional 47,907 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Strategic Education by 100.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 354,648 shares of the health services provider’s stock worth $48,597,000 after purchasing an additional 177,410 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Strategic Education by 113.8% during the 3rd quarter. BlackRock Inc. now owns 3,154,624 shares of the health services provider’s stock worth $432,280,000 after purchasing an additional 1,679,027 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

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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