Strategic Education (NASDAQ:STRA) Given New $98.00 Price Target at BMO Capital Markets

Strategic Education (NASDAQ:STRA - Get Free Report) had its target price lifted by equities researchers at BMO Capital Markets from $97.00 to $98.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the health services provider's stock. BMO Capital Markets' price objective would indicate a potential upside of 21.38% from the company's current price.

STRA has been the subject of a number of other reports. Truist Financial set a $105.00 target price on shares of Strategic Education in a report on Thursday. Barrington Research reaffirmed an "outperform" rating and set a $120.00 target price on shares of Strategic Education in a research report on Tuesday, April 15th. Finally, StockNews.com raised Strategic Education from a "hold" rating to a "buy" rating in a report on Friday.

Strategic Education Stock Performance

Shares of NASDAQ:STRA traded down $0.19 on Monday, hitting $80.74. The company's stock had a trading volume of 25,030 shares, compared to its average volume of 151,703. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The stock's 50-day moving average is $83.28 and its two-hundred day moving average is $91.11. Strategic Education has a 12 month low of $74.28 and a 12 month high of $123.62.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The health services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.29. The business had revenue of $303.59 million during the quarter, compared to analysts' expectations of $300.67 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. Equities analysts expect that Strategic Education will post 4.79 earnings per share for the current fiscal year.

Insider Transactions at Strategic Education

In other news, Director Robert R. Grusky sold 1,494 shares of the business's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $80.27, for a total transaction of $119,923.38. Following the transaction, the director now directly owns 11,349 shares in the company, valued at $910,984.23. The trade was a 11.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $3,116,374.65. Following the sale, the chief executive officer now owns 140,281 shares of the company's stock, valued at approximately $13,723,690.23. This represents a 18.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,826 shares of company stock valued at $3,945,093 over the last three months. 3.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Strategic Education

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in shares of Strategic Education by 76.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider's stock valued at $36,941,000 after purchasing an additional 173,225 shares during the last quarter. Norges Bank acquired a new stake in shares of Strategic Education in the fourth quarter worth about $15,715,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Strategic Education by 207.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 175,141 shares of the health services provider's stock worth $16,362,000 after buying an additional 118,151 shares during the last quarter. Barclays PLC boosted its stake in shares of Strategic Education by 202.3% during the 4th quarter. Barclays PLC now owns 114,765 shares of the health services provider's stock worth $10,720,000 after acquiring an additional 76,804 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Strategic Education by 12.9% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,286 shares of the health services provider's stock valued at $57,760,000 after acquiring an additional 70,743 shares during the last quarter. 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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