Strategic Education (NASDAQ:STRA) Given New $88.00 Price Target at BMO Capital Markets

Key Points

• BMO Capital Markets has cut the price target for Strategic Education (NASDAQ:STRA) from $98.00 to $88.00, indicating an 18.44% potential upside from its last closing price.
• Strategic Education reported earnings of $1.52 per share for the last quarter, surpassing estimates of $1.42, and recorded a revenue of $321.47 million.
• Institutional investors currently hold 93.27% of Strategic Education's stock, with significant increases in positions from firms like GAMMA Investing LLC and Sterling Capital Management LLC.

Strategic Education (NASDAQ:STRA - Get Free Report) had its price target cut by BMO Capital Markets from $98.00 to $88.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the health services provider's stock. BMO Capital Markets' price target suggests a potential upside of 18.44% from the stock's previous close.

STRA has been the topic of a number of other research reports. Wall Street Zen upgraded shares of Strategic Education from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Truist Financial set a $105.00 price target on shares of Strategic Education in a report on Thursday, April 24th. Finally, Barrington Research reiterated an "outperform" rating and set a $105.00 price target on shares of Strategic Education in a report on Wednesday.

Strategic Education Trading Up 0.2%

STRA traded up $0.16 during midday trading on Friday, reaching $74.30. The company's stock had a trading volume of 81,617 shares, compared to its average volume of 173,663. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 0.87 and a beta of 0.52. Strategic Education has a 1 year low of $72.25 and a 1 year high of $104.51. The stock's 50-day moving average is $83.69 and its 200-day moving average is $86.68.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The health services provider reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.10. The business had revenue of $321.47 million for the quarter, compared to analysts' expectations of $322.84 million. Strategic Education had a net margin of 9.27% and a return on equity of 7.52%. The business's revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 earnings per share. As a group, equities research analysts forecast that Strategic Education will post 4.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in Strategic Education by 148.9% in the second quarter. GAMMA Investing LLC now owns 331 shares of the health services provider's stock worth $28,000 after acquiring an additional 198 shares during the period. Sterling Capital Management LLC raised its position in Strategic Education by 809.1% in the fourth quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider's stock worth $65,000 after acquiring an additional 623 shares during the period. Kestra Investment Management LLC bought a new position in Strategic Education in the first quarter worth approximately $82,000. Covestor Ltd raised its position in Strategic Education by 44.0% in the fourth quarter. Covestor Ltd now owns 1,431 shares of the health services provider's stock worth $134,000 after acquiring an additional 437 shares during the period. Finally, R Squared Ltd bought a new position in Strategic Education in the second quarter worth approximately $202,000. 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.

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