Strategic Education (NASDAQ:STRA) PT Raised to $75.00 at Truist Financial

Strategic Education (NASDAQ:STRAGet Rating) had its price target lifted by Truist Financial from $65.00 to $75.00 in a research note released on Thursday, The Fly reports.

Other equities analysts have also recently issued reports about the company. StockNews.com began coverage on Strategic Education in a research report on Thursday, March 31st. They set a hold rating for the company. BMO Capital Markets boosted their target price on Strategic Education from $75.00 to $81.00 and gave the stock a maintains rating in a research report on Thursday. Finally, Barrington Research upped their price objective on Strategic Education from $75.00 to $85.00 in a report on Wednesday, July 27th.

Strategic Education Price Performance

Shares of NASDAQ STRA opened at $71.83 on Thursday. The stock has a market cap of $1.79 billion, a PE ratio of 32.95, a price-to-earnings-growth ratio of 1.59 and a beta of 0.44. Strategic Education has a fifty-two week low of $48.01 and a fifty-two week high of $81.66. 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 fifty day moving average of $66.74 and a 200-day moving average of $63.66.

Strategic Education (NASDAQ:STRAGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The health services provider reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.12). Strategic Education had a net margin of 4.78% and a return on equity of 5.38%. The company had revenue of $273.56 million during the quarter, compared to analysts’ expectations of $275.88 million. During the same quarter last year, the firm posted $1.55 earnings per share. Strategic Education’s revenue for the quarter was down 8.6% compared to the same quarter last year. Equities research analysts anticipate that Strategic Education will post 2.9 earnings per share for the current year.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, September 2nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, September 1st. Strategic Education’s payout ratio is currently 110.09%.

Hedge Funds Weigh In On Strategic Education

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Strategic Education by 74.5% in the 4th quarter. Barclays PLC now owns 39,309 shares of the health services provider’s stock worth $2,273,000 after purchasing an additional 16,786 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Strategic Education by 13.0% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 5,200 shares of the health services provider’s stock valued at $301,000 after acquiring an additional 600 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its stake in shares of Strategic Education by 8.6% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 256,923 shares of the health services provider’s stock valued at $14,860,000 after acquiring an additional 20,324 shares during the last quarter. Covestor Ltd bought a new stake in shares of Strategic Education in the 4th quarter valued at about $32,000. Finally, Gladius Capital Management LP bought a new stake in shares of Strategic Education in the 4th quarter valued at about $55,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

About Strategic Education

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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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