Strategic Education (NASDAQ:STRA) Price Target Raised to $85.00 at Barrington Research

Strategic Education (NASDAQ:STRA – Get Rating) had its price objective upped by analysts at Barrington Research from $75.00 to $85.00 in a research note issued on Wednesday, The Fly reports. Barrington Research’s price target points to a potential upside of 15.93% from the stock’s previous close.

Separately, StockNews.com assumed coverage on Strategic Education in a report on Thursday, March 31st. They issued a “hold” rating for the company.

Strategic Education Stock Performance

Shares of STRA opened at $73.32 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a 50 day moving average price of $66.38 and a two-hundred day moving average price of $63.45. The firm has a market capitalization of $1.83 billion, a P/E ratio of 33.63, a P/E/G ratio of 1.59 and a beta of 0.44. Strategic Education has a 52 week low of $48.01 and a 52 week high of $82.48.

Strategic Education (NASDAQ:STRA – Get Rating) last released its earnings results on Wednesday, July 27th. The health services provider reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.12). The business had revenue of $273.56 million during the quarter, compared to the consensus estimate of $275.88 million. Strategic Education had a net margin of 4.78% and a return on equity of 5.38%. The business’s revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.55 earnings per share. Equities analysts forecast that Strategic Education will post 2.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Strategic Education

Institutional investors and hedge funds have recently bought and sold shares of the company. National Bank of Canada FI bought a new position in Strategic Education during the fourth quarter valued at $29,000. Nisa Investment Advisors LLC grew its holdings in Strategic Education by 65.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 506 shares of the health services provider’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Covestor Ltd bought a new position in Strategic Education during the fourth quarter valued at $32,000. Advisor Group Holdings Inc. grew its holdings in Strategic Education by 107.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 776 shares of the health services provider’s stock valued at $45,000 after purchasing an additional 402 shares during the period. Finally, Gladius Capital Management LP bought a new position in Strategic Education during the fourth quarter valued at $55,000. 94.74% of the stock is owned by institutional investors.

Strategic Education Company Profile

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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 administration, accounting, information technology, education, health services administration, public administration, and criminal justice 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 an executive MBA online through its Jack Welch Management Institute.

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