Aurora Investment Counsel Trims Stake in Stride, Inc. (NYSE:LRN)

Aurora Investment Counsel reduced its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 86.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,989 shares of the company's stock after selling 18,305 shares during the period. Aurora Investment Counsel's holdings in Stride were worth $378,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its position in Stride by 140.5% in the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock worth $34,000 after purchasing an additional 156 shares during the period. Point72 Hong Kong Ltd purchased a new position in Stride in the 4th quarter worth $41,000. CIBC Private Wealth Group LLC raised its position in Stride by 85.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after purchasing an additional 178 shares during the period. Fifth Third Bancorp raised its position in Stride by 158.8% in the 1st quarter. Fifth Third Bancorp now owns 383 shares of the company's stock worth $48,000 after purchasing an additional 235 shares during the period. Finally, Golden State Wealth Management LLC raised its position in Stride by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 400 shares of the company's stock worth $51,000 after purchasing an additional 200 shares during the period. 98.24% of the stock is owned by institutional investors.

Stride Trading Down 0.0%

Shares of LRN stock traded down $0.06 during mid-day trading on Thursday, reaching $133.05. The stock had a trading volume of 518,284 shares, compared to its average volume of 862,669. The stock's 50-day moving average price is $145.19 and its two-hundred day moving average price is $135.06. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $162.30. The firm has a market capitalization of $5.79 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 0.86 and a beta of 0.32. The company has a current ratio of 5.61, a quick ratio of 5.53 and a debt-to-equity ratio of 0.33.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). Stride had a net margin of 13.10% and a return on equity of 23.36%. The firm had revenue of $613.38 million during the quarter, compared to analysts' expectations of $591.15 million. During the same quarter in the previous year, the firm posted $1.60 EPS. Stride's revenue was up 17.8% compared to the same quarter last year. Equities analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on LRN. Barrington Research lifted their target price on shares of Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Canaccord Genuity Group lifted their target price on shares of Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. William Blair reiterated an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Finally, Wall Street Zen upgraded shares of Stride from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.83.

About Stride

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.