111 Capital Acquires Shares of 1,889 Stride, Inc. $LRN

Key Points

• 111 Capital acquired 1,889 shares of Stride, Inc. (NYSE: LRN), valued at approximately $274,000, reflecting growing institutional interest in the company.
• Stride, Inc. experienced significant financial performance with a reported earnings per share (EPS) of $2.29, surpassing analyst estimates by $0.46.
• Insider activity included CEO James Jeaho Rhyu selling 13,961 shares of Stride stock for about $2.27 million, reducing his ownership by 1.94%.

111 Capital bought a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,889 shares of the company's stock, valued at approximately $274,000.

A number of other institutional investors have also recently added to or reduced their stakes in LRN. Inspire Investing LLC purchased a new stake in Stride in the 1st quarter worth $792,000. DAVENPORT & Co LLC acquired a new stake in shares of Stride in the first quarter valued at about $461,000. Swedbank AB increased its stake in shares of Stride by 5.4% during the first quarter. Swedbank AB now owns 1,009,726 shares of the company's stock worth $127,730,000 after purchasing an additional 52,000 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Stride during the 1st quarter worth about $326,000. Finally, Canandaigua National Bank & Trust Co. purchased a new position in Stride in the 1st quarter valued at about $273,000. Institutional investors and hedge funds own 98.24% of the company's stock.

Insider Activity at Stride

In other news, CEO James Jeaho Rhyu sold 13,961 shares of Stride stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total transaction of $2,270,896.26. Following the sale, the chief executive officer owned 706,353 shares of the company's stock, valued at approximately $114,895,378.98. The trade was a 1.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.00% of the company's stock.

Stride Stock Down 1.9%

Shares of LRN opened at $140.77 on Tuesday. The stock has a fifty day simple moving average of $151.47 and a two-hundred day simple moving average of $144.59. The company has a quick ratio of 5.27, a current ratio of 5.39 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $6.14 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 0.81 and a beta of 0.07. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $171.17.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.46. Stride had a net margin of 11.97% and a return on equity of 25.51%. The firm had revenue of $653.65 million during the quarter, compared to analyst estimates of $626.23 million. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Stride's quarterly revenue was up 22.4% on a year-over-year basis. As a group, equities analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

Analyst Upgrades and Downgrades

LRN has been the subject of a number of research analyst reports. Wall Street Zen cut Stride from a "buy" rating to a "hold" rating in a report on Saturday. Morgan Stanley raised their price objective on Stride from $148.00 to $159.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Barrington Research reaffirmed an "outperform" rating and set a $185.00 target price on shares of Stride in a report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Stride in a research report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $146.40.

Stride Company Profile

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.

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