Strategic Education Inc (NASDAQ:STRA) – Equities researchers at First Analysis lowered their Q3 2018 earnings per share (EPS) estimates for shares of Strategic Education in a report issued on Sunday, October 14th. First Analysis analyst C. Greendale now expects that the health services provider will post earnings per share of $0.78 for the quarter, down from their previous forecast of $0.85. First Analysis also issued estimates for Strategic Education’s FY2018 earnings at $4.57 EPS.
STRA has been the topic of a number of other research reports. ValuEngine raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Piper Jaffray Companies boosted their target price on shares of Strategic Education to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, August 2nd. BidaskClub raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research report on Saturday, June 23rd. Zacks Investment Research lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Finally, BMO Capital Markets boosted their target price on shares of Strategic Education to $152.00 and gave the stock an “outperform” rating in a research report on Friday, August 24th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Strategic Education presently has a consensus rating of “Buy” and a consensus target price of $144.40.
Shares of STRA stock opened at $133.35 on Wednesday. Strategic Education has a 1 year low of $80.75 and a 1 year high of $138.97. The firm has a market cap of $1.55 billion, a P/E ratio of 42.88, a P/E/G ratio of 3.06 and a beta of 0.89.
Strategic Education (NASDAQ:STRA) last announced its earnings results on Wednesday, August 1st. The health services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.03. Strategic Education had a net margin of 3.14% and a return on equity of 18.39%. The business had revenue of $114.70 million for the quarter, compared to analyst estimates of $115.65 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Strategic Education’s revenue was up 1.8% compared to the same quarter last year.
In other Strategic Education news, Chairman Robert S. Silberman sold 34,000 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $123.05, for a total value of $4,183,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider J Kevin Gilligan sold 5,000 shares of the business’s stock in a transaction on Thursday, October 11th. The shares were sold at an average price of $125.28, for a total transaction of $626,400.00. Following the completion of the sale, the insider now directly owns 95,944 shares in the company, valued at approximately $12,019,864.32. The disclosure for this sale can be found here. Insiders have sold 212,000 shares of company stock worth $26,631,030 in the last ninety days. 3.70% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in STRA. Summit Trail Advisors LLC increased its holdings in Strategic Education by 10,199.1% in the 1st quarter. Summit Trail Advisors LLC now owns 822,385 shares of the health services provider’s stock valued at $822,000 after buying an additional 814,400 shares during the period. ValueAct Holdings L.P. bought a new stake in Strategic Education in the 2nd quarter valued at $21,862,000. Polar Asset Management Partners Inc. bought a new stake in Strategic Education in the 1st quarter valued at $17,138,000. BlackRock Inc. increased its holdings in Strategic Education by 9.8% in the 2nd quarter. BlackRock Inc. now owns 1,475,597 shares of the health services provider’s stock valued at $166,758,000 after buying an additional 131,138 shares during the period. Finally, Castleark Management LLC bought a new stake in Strategic Education in the 2nd quarter valued at $10,526,000. 99.92% of the stock is currently owned by hedge funds and other institutional investors.
About Strategic Education
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.
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