Strategic Education (NASDAQ:STRA) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Strategic Education Inc. (NASDAQ:STRA) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $80.78 and traded as high as $81.92. Strategic Education shares last traded at $80.62, with a volume of 146,301 shares.

Analysts Set New Price Targets

A number of brokerages have commented on STRA. Barrington Research restated an “outperform” rating and set a $105.00 price objective on shares of Strategic Education in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategic Education in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $99.33.

Strategic Education Trading Up 0.9%

The firm has a market cap of $1.89 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 0.82 and a beta of 0.55. The company has a 50 day moving average price of $82.05 and a 200 day moving average price of $80.78.

Institutional Investors Weigh In On Strategic Education

A number of institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. purchased a new position in Strategic Education during the third quarter worth approximately $25,000. Allworth Financial LP grew its stake in shares of Strategic Education by 88.5% during the 3rd quarter. Allworth Financial LP now owns 294 shares of the health services provider’s stock valued at $25,000 after buying an additional 138 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Strategic Education by 154.2% during the 4th quarter. Hantz Financial Services Inc. now owns 333 shares of the health services provider’s stock worth $27,000 after buying an additional 202 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Strategic Education by 85.2% in the 2nd quarter. Osaic Holdings Inc. now owns 387 shares of the health services provider’s stock worth $33,000 after buying an additional 178 shares during the period. Finally, Assetmark Inc. boosted its holdings in Strategic Education by 54.3% in the second quarter. Assetmark Inc. now owns 395 shares of the health services provider’s stock valued at $34,000 after acquiring an additional 139 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Company Profile

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.