Strategic Education (NASDAQ:STRA) Upgraded at StockNews.com

Strategic Education (NASDAQ:STRA - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Friday.

Several other research firms have also commented on STRA. TheStreet raised Strategic Education from a "c+" rating to a "b" rating in a research report on Thursday, February 29th. Truist Financial raised their target price on Strategic Education from $125.00 to $145.00 and gave the company a "buy" rating in a report on Friday. Barrington Research upped their price target on Strategic Education from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday. BMO Capital Markets lifted their price objective on shares of Strategic Education from $103.00 to $123.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. Finally, Bank of America upped their target price on shares of Strategic Education from $104.00 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Strategic Education has a consensus rating of "Buy" and an average target price of $131.75.

Strategic Education Trading Up 3.4 %

Shares of NASDAQ STRA traded up $4.02 during trading on Friday, hitting $121.06. 303,411 shares of the company traded hands, compared to its average volume of 97,873. The firm has a market capitalization of $2.98 billion, a P/E ratio of 41.74, a P/E/G ratio of 1.20 and a beta of 0.50. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $101.89 and a 200-day moving average price of $94.19. Strategic Education has a 1 year low of $64.53 and a 1 year high of $121.29.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its earnings results on Thursday, April 25th. The health services provider reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.51. The firm had revenue of $290.25 million for the quarter, compared to analysts' expectations of $274.02 million. Strategic Education had a return on equity of 5.52% and a net margin of 6.16%. On average, equities analysts predict that Strategic Education will post 4.61 EPS for the current year.

Insider Activity at Strategic Education

In related news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total value of $1,230,591.80. Following the sale, the chief executive officer now directly owns 161,359 shares of the company's stock, valued at $15,488,850.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the sale, the chief executive officer now directly owns 161,359 shares of the company's stock, valued at $15,488,850.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel Wayne Jackson sold 3,713 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total transaction of $356,262.35. Following the sale, the chief financial officer now directly owns 71,770 shares in the company, valued at $6,886,331.50. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Strategic Education

A number of large investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its position in Strategic Education by 4.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 11,912 shares of the health services provider's stock valued at $1,240,000 after buying an additional 511 shares in the last quarter. Guidance Capital Inc. bought a new position in Strategic Education in the 1st quarter valued at about $449,000. Goldman Sachs Group Inc. grew its position in Strategic Education by 103.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider's stock valued at $23,406,000 after buying an additional 128,961 shares in the last quarter. Burgundy Asset Management Ltd. grew its position in Strategic Education by 2.1% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,137,961 shares of the health services provider's stock valued at $105,113,000 after buying an additional 23,794 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its position in Strategic Education by 118,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,181 shares of the health services provider's stock valued at $109,000 after buying an additional 1,180 shares in the last quarter. Institutional investors and hedge funds 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.

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