Strategic Education (NASDAQ:STRA) Lowered to “Hold” at StockNews.com

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

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

Strategic Education Stock Performance

NASDAQ:STRA traded down $8.54 during trading hours on Thursday, hitting $96.86. 273,643 shares of the company traded hands, compared to its average volume of 122,293. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04. Strategic Education has a twelve month low of $72.44 and a twelve month high of $123.62. The firm has a 50-day moving average of $112.13 and a 200 day moving average of $106.57. The stock 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.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Wednesday, July 31st. The health services provider reported $1.33 EPS for the quarter, beating 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 analyst estimates of $308.16 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts forecast that Strategic Education will post 4.96 EPS for the current year.

Insider Activity

In other Strategic Education news, Director Robert R. Grusky sold 350 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $122.50, for a total value of $42,875.00. Following the transaction, the director now owns 11,345 shares of the company’s stock, valued at $1,389,762.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Strategic Education in the 2nd quarter valued at about $36,000. CWM LLC grew its stake 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 valued at $37,000 after purchasing an additional 318 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Strategic Education in the second quarter valued at approximately $38,000. Rothschild Investment LLC acquired a new stake in shares of Strategic Education in the second quarter valued at approximately $38,000. Finally, Russell Investments Group Ltd. bought a new position in Strategic Education in the 4th quarter worth approximately $73,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

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. 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.