Strategic Education (NASDAQ:STRA) Receives Outperform Rating from Barrington Research

Strategic Education (NASDAQ:STRA)‘s stock had its “outperform” rating reissued by Barrington Research in a report released on Friday,Benzinga reports. They presently have a $105.00 target price on the health services provider’s stock. Barrington Research’s target price suggests a potential upside of 38.12% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Wall Street Zen raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Strategic Education in a research note on Monday, September 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $99.33.

Strategic Education Trading Up 0.9%

NASDAQ:STRA traded up $0.71 on Friday, hitting $76.02. 161,601 shares of the stock were exchanged, compared to its average volume of 167,866. The stock has a market cap of $1.82 billion, a PE ratio of 15.80, a PEG ratio of 0.92 and a beta of 0.63. Strategic Education has a fifty-two week low of $72.25 and a fifty-two week high of $104.51. The stock has a fifty day moving average of $81.65 and a 200-day moving average of $82.55.

Insiders Place Their Bets

In related news, CFO Daniel Wayne Jackson bought 1,900 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was bought at an average price of $81.50 per share, with a total value of $154,850.00. Following the transaction, the chief financial officer owned 104,136 shares of the company’s stock, valued at approximately $8,487,084. This trade represents a 1.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director G Thomas Waite III sold 700 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $81.69, for a total transaction of $57,183.00. Following the transaction, the director directly owned 15,926 shares in the company, valued at $1,300,994.94. The trade was a 4.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Nuveen LLC bought a new position in Strategic Education during the first quarter worth $31,497,000. Burgundy Asset Management Ltd. raised its holdings in shares of Strategic Education by 17.3% during the first quarter. Burgundy Asset Management Ltd. now owns 1,475,831 shares of the health services provider’s stock worth $123,911,000 after purchasing an additional 217,151 shares during the period. AQR Capital Management LLC raised its holdings in shares of Strategic Education by 188.6% during the second quarter. AQR Capital Management LLC now owns 245,296 shares of the health services provider’s stock worth $20,882,000 after purchasing an additional 160,303 shares during the period. Lightrock Netherlands B.V. lifted its position in shares of Strategic Education by 155.7% in the 3rd quarter. Lightrock Netherlands B.V. now owns 234,719 shares of the health services provider’s stock worth $20,188,000 after buying an additional 142,915 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Strategic Education in the 2nd quarter valued at about $9,615,000. 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.