Strategic Education (NASDAQ:STRA) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Strategic Education, Inc. (NASDAQ:STRAGet Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $96.18 and traded as high as $98.00. Strategic Education shares last traded at $97.53, with a volume of 71,661 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Truist Financial lowered their target price on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, Barrington Research reissued an “outperform” rating and set a $135.00 price target on shares of Strategic Education in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.00.

Get Our Latest Research Report on Strategic Education

Strategic Education Trading Down 0.2 %

The firm has a market cap of $2.40 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 1.15 and a beta of 0.58. The firm’s 50 day moving average is $96.37 and its two-hundred day moving average is $96.18.

Strategic Education (NASDAQ:STRAGet Free Report) last issued its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, topping the consensus estimate of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business had revenue of $305.96 million for the quarter, compared to the consensus estimate of $301.62 million. During the same quarter last year, the business posted $0.97 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Analysts predict that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a $0.60 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.46%. Strategic Education’s dividend payout ratio is presently 45.71%.

Institutional Investors Weigh In On Strategic Education

Several large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its position in Strategic Education by 1,337.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,495 shares of the health services provider’s stock valued at $794,000 after acquiring an additional 7,904 shares in the last quarter. Lightrock Netherlands B.V. acquired a new stake in shares of Strategic Education in the 4th quarter valued at about $4,625,000. Calamos Advisors LLC bought a new stake in shares of Strategic Education in the fourth quarter valued at about $2,330,000. R Squared Ltd acquired a new position in shares of Strategic Education during the fourth quarter worth about $42,000. Finally, Pacer Advisors Inc. bought a new position in shares of Strategic Education during the fourth quarter worth about $96,000. Institutional investors own 93.27% of the company’s stock.

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. 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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