Blair William & Co. IL Has $7.47 Million Stake in Stride, Inc. $LRN

Blair William & Co. IL reduced its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 9.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,424 shares of the company's stock after selling 5,518 shares during the period. Blair William & Co. IL owned 0.12% of Stride worth $7,466,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company's stock valued at $26,000 after acquiring an additional 160 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Stride by 140.5% in the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock valued at $34,000 after purchasing an additional 156 shares during the last quarter. Harbour Investments Inc. lifted its stake in shares of Stride by 374.6% in the 1st quarter. Harbour Investments Inc. now owns 337 shares of the company's stock valued at $43,000 after purchasing an additional 266 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Stride in the 1st quarter valued at $43,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Stride by 62.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company's stock valued at $43,000 after purchasing an additional 131 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Stride

In related news, CEO James Jeaho Rhyu sold 13,961 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total value of $2,270,896.26. Following the completion of the transaction, the chief executive officer owned 706,353 shares of the company's stock, valued at $114,895,378.98. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by company insiders.

Stride Stock Performance

NYSE:LRN opened at $144.62 on Friday. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 0.82 and a beta of 0.07. The firm's 50-day moving average is $152.65 and its 200-day moving average is $144.94. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $171.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.27 and a current ratio of 5.39.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business posted $1.42 earnings per share. The company's quarterly revenue was up 22.4% compared to the same quarter last year. Equities research analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LRN shares. Wall Street Zen lowered shares of Stride from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. Weiss Ratings reissued a "buy (b)" rating on shares of Stride in a research report on Wednesday. Morgan Stanley boosted their target price on shares of Stride from $148.00 to $159.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Barrington Research reissued an "outperform" rating and set a $185.00 target price on shares of Stride in a research report on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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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