Strategic Education (NASDAQ:STRA) Releases Earnings Results, Beats Expectations By $0.27 EPS

Strategic Education (NASDAQ:STRA) released its quarterly earnings data on Thursday. The health services provider reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.27, FiscalAI reports. The firm had revenue of $311.46 million during the quarter, compared to the consensus estimate of $322.29 million. Strategic Education had a return on equity of 8.18% and a net margin of 9.08%.

Strategic Education Stock Performance

Strategic Education stock traded up $2.43 during midday trading on Thursday, reaching $78.41. The stock had a trading volume of 425,955 shares, compared to its average volume of 229,596. The stock has a market capitalization of $1.84 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 0.78 and a beta of 0.55. The stock’s 50-day simple moving average is $81.12 and its 200 day simple moving average is $80.70. Strategic Education has a twelve month low of $72.17 and a twelve month high of $93.45.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Allworth Financial LP grew its stake in Strategic Education by 88.5% during the third quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock worth $25,000 after buying an additional 138 shares during the period. Osaic Holdings Inc. increased its holdings in Strategic Education by 85.2% in the 2nd quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock valued at $33,000 after purchasing an additional 178 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Strategic Education in the 2nd quarter valued at $94,000. EverSource Wealth Advisors LLC raised its position in Strategic Education by 192.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,162 shares of the health services provider’s stock valued at $99,000 after purchasing an additional 765 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Strategic Education by 1,566.7% in the third quarter. Russell Investments Group Ltd. now owns 2,050 shares of the health services provider’s stock worth $176,000 after buying an additional 1,927 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

STRA has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research note on Thursday, January 22nd. Barrington Research reiterated an “outperform” rating and issued a $105.00 target price on shares of Strategic Education in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Strategic Education presently has an average rating of “Moderate Buy” and a consensus price target of $99.33.

About Strategic Education

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.