Strategic Education Expands Presence with 1st Atlanta Campus
Strategic Education, Inc. STRA or SEI’s Capella University opened it’s first-ever Campus Center in Atlanta, GA.
This online higher education institution unveiled its first brick-and-mortar center, in order to provide in-person administrative resources to local learners. The new Campus Center, which is located at 805 Peachtree St. NE, will allow learners to access enrollment counselors, academic advisors and study spaces.
Notably, the University has a large number of students from Atlanta. The center will work as a networking hub for its learners and alumni, thereby enhancing their overall education and work experience.
Meanwhile, the University is focused on providing flexible education with personalized support to help working students manage family and work responsibilities while pursuing a degree. With this latest Campus Center, these working adults can continue with their online degree programs.
Continuous Innovation & Course Updates Boost Enrollments
SEI keeps on investing in new programs and specializations to improve student outcomes. Precisely, Capella offers 50 programs and 132 specializations, along with bachelor’s, master’s and doctoral degrees.
Markedly, SEI is one of the few universities with a competency-based learning model and direct assessment capabilities. Its latest innovation includes FlexPath, one of the company’s fastest-growing programs. FlexPath of Capella allows students to focus on leveraging their skills and knowledge gained during professional hours. Additionally, the model benefits students via providing lower tuition costs, reduced time to completion and increased flexibility.
FlexPath has been performing significantly well of late. In first-quarter 2019, it constituted 30% of Capella's Bachelor and Master's degree enrollment. During the quarter, new student enrollment increased 15% and total enrollment grew 3.5% year over year.
In the first quarter, New FlexPath enrollments grew 52% and total FlexPath enrollments increased 43% from the prior-year period. Currently, FlexPath enrollments constitute one-third of all non-doctoral students at Capella.
Share Price Performance
Backed by stellar enrollment results and robust earnings surprise trend, this Zacks #1 Rank (Strong Buy) company’s shares have outperformed the industry year to date. The stock has gained 59.4% compared with its industry’s 31% rally in the said period. Notably, SEI’s earnings surpassed the Zacks Consensus Estimate in four of the trailing five quarters. Earnings estimates have been trending upward over the past 60 days, depicting analysts’ optimism surrounding the stock. The recent move is intended to fortify the company’s overall growth prospects.
Other Stocks to Consider
Other top-ranked stocks in the same space include K12 Inc. LRN, Bright Horizons Family Solutions Inc. BFAM and Grand Canyon Education, Inc. LOPE, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
K12’s earnings for the current year are expected to increase 23.5%.
Bright Horizons surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with average positive earnings surprise of 3%.
Grand Canyon is expected to record an earnings growth rate of 16% in the long term.
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