Barrington Research Increases Strategic Education (STRA) Price Target to $175.00

Strategic Education (NASDAQ:STRA) had its target price lifted by Barrington Research to $175.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm currently has an “outperform” rating on the health services provider’s stock. Barrington Research’s target price would suggest a potential upside of 24.71% from the stock’s previous close.

STRA has been the topic of several other reports. ValuEngine raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Piper Jaffray Companies increased their target price on shares of Strategic Education to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, August 2nd. BidaskClub lowered shares of Strategic Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 4th. Zacks Investment Research lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Finally, BMO Capital Markets increased their target price on shares of Strategic Education to $152.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $147.40.

Shares of NASDAQ STRA opened at $140.33 on Thursday. The firm has a market cap of $1.52 billion, a P/E ratio of 38.04, a P/E/G ratio of 3.06 and a beta of 1.03. Strategic Education has a 12-month low of $80.75 and a 12-month high of $154.89.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, November 8th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.24. The business had revenue of $160.90 million for the quarter, compared to analyst estimates of $185.48 million. Strategic Education had a net margin of 3.14% and a return on equity of 18.39%. Strategic Education’s revenue was up 48.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, analysts predict that Strategic Education will post 4.39 EPS for the current year.

In related news, insider J Kevin Gilligan sold 5,000 shares of the stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $124.61, for a total transaction of $623,050.00. Following the transaction, the insider now directly owns 78,594 shares of the company’s stock, valued at $9,793,598.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 65,000 shares of company stock worth $8,613,200. 3.70% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its stake in shares of Strategic Education by 87.2% in the third quarter. Bank of Montreal Can now owns 1,185 shares of the health services provider’s stock valued at $163,000 after buying an additional 552 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Strategic Education by 141.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,244 shares of the health services provider’s stock valued at $170,000 after buying an additional 729 shares in the last quarter. CIBC Asset Management Inc bought a new position in shares of Strategic Education in the third quarter valued at $204,000. Rothschild Investment Corp IL bought a new position in shares of Strategic Education in the third quarter valued at $206,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Strategic Education in the second quarter valued at $226,000. 99.93% of the stock is currently owned by hedge funds and other institutional investors.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.

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