SignalPoint Asset Management LLC Buys New Shares in Strategic Education Inc (NASDAQ:STRA)

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SignalPoint Asset Management LLC bought a new stake in shares of Strategic Education Inc (NASDAQ:STRA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,958 shares of the health services provider’s stock, valued at approximately $266,000.

Several other institutional investors also recently added to or reduced their stakes in STRA. Invesco Ltd. lifted its position in shares of Strategic Education by 212.4% during the 2nd quarter. Invesco Ltd. now owns 754,248 shares of the health services provider’s stock valued at $134,256,000 after acquiring an additional 512,791 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Strategic Education during the 2nd quarter valued at $40,955,000. FMR LLC lifted its position in shares of Strategic Education by 694,279.2% during the 1st quarter. FMR LLC now owns 166,651 shares of the health services provider’s stock valued at $21,883,000 after acquiring an additional 166,627 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Strategic Education by 6.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,168,450 shares of the health services provider’s stock valued at $385,984,000 after acquiring an additional 132,906 shares during the period. Finally, Morgan Stanley lifted its position in shares of Strategic Education by 433.4% during the 2nd quarter. Morgan Stanley now owns 157,497 shares of the health services provider’s stock valued at $28,034,000 after acquiring an additional 127,970 shares during the period. Institutional investors own 94.92% of the company’s stock.

STRA traded down $2.44 during trading on Friday, hitting $129.84. 104,300 shares of the company’s stock were exchanged, compared to its average volume of 229,538. The business’s 50 day moving average is $148.30 and its two-hundred day moving average is $164.41. Strategic Education Inc has a fifty-two week low of $102.21 and a fifty-two week high of $189.79. The stock has a market cap of $2.90 billion, a P/E ratio of 23.09, a PEG ratio of 1.33 and a beta of 0.54.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Wednesday, July 31st. The health services provider reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.12. Strategic Education had a net margin of 0.62% and a return on equity of 8.65%. The firm had revenue of $245.10 million for the quarter, compared to the consensus estimate of $240.79 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The business’s revenue was up 113.7% on a year-over-year basis. As a group, research analysts expect that Strategic Education Inc will post 6.64 earnings per share for the current year.

A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Strategic Education from a “hold” rating to a “sell” rating and set a $143.00 target price on the stock. in a research report on Tuesday, October 15th. ValuEngine upgraded shares of Strategic Education from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub downgraded shares of Strategic Education from a “sell” rating to a “strong sell” rating in a report on Friday, September 13th. First Analysis restated a “strong-buy” rating and set a $216.00 price objective (up previously from $210.00) on shares of Strategic Education in a report on Friday, June 28th. Finally, Barrington Research restated an “outperform” rating and set a $210.00 price objective (up previously from $185.00) on shares of Strategic Education in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Strategic Education presently has a consensus rating of “Hold” and a consensus target price of $190.75.

Strategic Education Profile

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.

Further Reading: Average Daily Trade Volume – ADTV

Institutional Ownership by Quarter for Strategic Education (NASDAQ:STRA)

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