Strategic Education (NASDAQ:STRA) Stock Rating Lowered by StockNews.com

Strategic Education (NASDAQ:STRA) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets dropped their price objective on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday. Truist Financial increased their price target on Strategic Education from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Barrington Research boosted their price objective on Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Strategic Education currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.25.

Strategic Education Price Performance

NASDAQ STRA traded down $8.54 during trading hours on Thursday, reaching $96.86. The company’s stock had a trading volume of 273,643 shares, compared to its average volume of 122,293. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 1.17 and a beta of 0.57. The company’s 50-day moving average is $112.13 and its two-hundred day moving average is $106.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.49 and a quick ratio of 1.49. Strategic Education has a 1-year low of $72.44 and a 1-year high of $123.62.

Strategic Education (NASDAQ:STRA) last released its earnings results on Wednesday, July 31st. The health services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. The business had revenue of $312.30 million during the quarter, compared to analysts’ expectations of $308.16 million. During the same quarter in the previous year, the company earned $0.82 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts predict that Strategic Education will post 4.96 EPS for the current year.

Insider Buying and Selling

In other news, Director Robert R. Grusky sold 350 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $122.50, for a total value of $42,875.00. Following the sale, the director now directly owns 11,345 shares of the company’s stock, valued at approximately $1,389,762.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Strategic Education

Several institutional investors and hedge funds have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Strategic Education during the 2nd quarter worth approximately $36,000. CWM LLC increased its position in shares of Strategic Education by 2,650.0% during the second quarter. CWM LLC now owns 330 shares of the health services provider’s stock worth $37,000 after acquiring an additional 318 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Strategic Education in the second quarter valued at $38,000. Innealta Capital LLC acquired a new stake in shares of Strategic Education in the second quarter valued at $38,000. Finally, Russell Investments Group Ltd. purchased a new position in Strategic Education in the fourth quarter valued at $73,000. Hedge funds and other institutional investors 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.