Strategic Education (NASDAQ:STRA) Earns Hold Rating from Truist Financial

Strategic Education (NASDAQ:STRA)‘s stock had its “hold” rating reaffirmed by research analysts at Truist Financial in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $85.00 price objective on the health services provider’s stock. Truist Financial’s price target suggests a potential upside of 12.30% from the stock’s current price.

Several other analysts have also commented on STRA. Bank of America upgraded shares of Strategic Education from a “neutral” rating to a “buy” rating and lowered their price target for the company from $99.00 to $90.00 in a research report on Friday, August 18th. StockNews.com assumed coverage on Strategic Education in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $93.25.

Strategic Education Stock Performance

Shares of STRA stock traded up $0.15 during trading hours on Tuesday, reaching $75.69. 16,984 shares of the company’s stock were exchanged, compared to its average volume of 134,251. The company’s 50 day moving average is $74.07 and its two-hundred day moving average is $78.99. The company has a market cap of $1.85 billion, a P/E ratio of 49.86, a price-to-earnings-growth ratio of 1.26 and a beta of 0.56. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.45 and a quick ratio of 1.45. Strategic Education has a 1 year low of $59.92 and a 1 year high of $98.22.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, July 27th. The health services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.16. The business had revenue of $287.70 million for the quarter, compared to analysts’ expectations of $282.39 million. Strategic Education had a return on equity of 3.24% and a net margin of 3.40%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. Equities research analysts anticipate that Strategic Education will post 3.21 EPS for the current fiscal year.

Institutional Trading of Strategic Education

Hedge funds have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Strategic Education by 30.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,087,347 shares of the health services provider’s stock worth $163,482,000 after acquiring an additional 484,022 shares during the period. Inclusive Capital Partners L.P. increased its position in Strategic Education by 24.9% during the second quarter. Inclusive Capital Partners L.P. now owns 1,897,260 shares of the health services provider’s stock worth $128,710,000 after purchasing an additional 377,911 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Strategic Education by 197.1% during the first quarter. Envestnet Asset Management Inc. now owns 384,249 shares of the health services provider’s stock worth $13,015,000 after purchasing an additional 254,928 shares during the last quarter. Norges Bank purchased a new position in Strategic Education during the fourth quarter worth approximately $14,494,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Strategic Education by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,225,778 shares of the health services provider’s stock valued at $199,942,000 after purchasing an additional 157,880 shares during the last quarter. 97.53% of the stock is owned by institutional investors and hedge funds.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company 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.