Strategic Education (NASDAQ:STRA) Rating Reiterated by Barrington Research
Strategic Education (NASDAQ:STRA)‘s stock had its “buy” rating reiterated by research analysts at Barrington Research in a report released on Tuesday, AnalystRatings.com reports. They currently have a $185.00 price target on the health services provider’s stock. Barrington Research’s price target points to a potential upside of 2.72% from the company’s previous close.
The analysts wrote, “We are reiterating our OUTPERFORM investment rating on this market leader. We will re‐evaluate our price target once the company reports second quarter results and we update our earnings model. Also, it should be noted that Strategic Education, Inc. will hold its first Investor and Analyst Day on Washington, D.C.””
A number of other equities research analysts have also weighed in on STRA. First Analysis reissued a “strong-buy” rating and issued a $216.00 target price (up previously from $210.00) on shares of Strategic Education in a research note on Friday, June 28th. BMO Capital Markets set a C$106.00 price target on FirstService and gave the company a “market perform” rating in a research report on Monday, June 3rd. BidaskClub raised Zynerba Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 18th. Finally, Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Monday, July 8th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $184.80.
Strategic Education (NASDAQ:STRA) last released its earnings results on Wednesday, May 1st. The health services provider reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. Strategic Education had a positive return on equity of 8.74% and a negative net margin of 1.78%. The company had revenue of $246.50 million during the quarter, compared to analyst estimates of $240.71 million. During the same quarter in the previous year, the company posted $1.23 EPS. Strategic Education’s revenue for the quarter was up 111.6% on a year-over-year basis. As a group, research analysts expect that Strategic Education will post 6.47 EPS for the current year.
In other Strategic Education news, Director G Thomas Waite III sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $178.59, for a total transaction of $535,770.00. Following the completion of the transaction, the director now owns 11,951 shares of the company’s stock, valued at approximately $2,134,329.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Todd A. Milano sold 6,449 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $180.47, for a total value of $1,163,851.03. Following the transaction, the director now owns 7,543 shares in the company, valued at approximately $1,361,285.21. The disclosure for this sale can be found here. Insiders have sold a total of 40,749 shares of company stock valued at $6,681,696 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Strategic Education by 0.7% during the 1st quarter. BlackRock Inc. now owns 3,248,691 shares of the health services provider’s stock worth $426,586,000 after acquiring an additional 22,598 shares during the period. TimesSquare Capital Management LLC grew its holdings in shares of Strategic Education by 4.8% during the 1st quarter. TimesSquare Capital Management LLC now owns 979,810 shares of the health services provider’s stock worth $128,659,000 after acquiring an additional 44,550 shares during the period. Rice Hall James & Associates LLC grew its holdings in shares of Strategic Education by 20.5% during the 1st quarter. Rice Hall James & Associates LLC now owns 584,405 shares of the health services provider’s stock worth $76,738,000 after acquiring an additional 99,242 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Strategic Education by 32.3% during the 1st quarter. Victory Capital Management Inc. now owns 443,660 shares of the health services provider’s stock worth $58,257,000 after acquiring an additional 108,385 shares during the period. Finally, ValueAct Holdings L.P. grew its holdings in shares of Strategic Education by 67.2% during the 4th quarter. ValueAct Holdings L.P. now owns 404,741 shares of the health services provider’s stock worth $45,906,000 after acquiring an additional 162,600 shares during the period. Hedge funds and other institutional investors own 97.09% of the company’s stock.
Strategic Education Company 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.
Featured Story: What is a short straddle?
Receive News & Ratings for Strategic Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strategic Education and related companies with MarketBeat.com's FREE daily email newsletter.