Engineers Gate Manager LP Sells 37,457 Shares of Stride, Inc. $LRN

Engineers Gate Manager LP lowered its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 69.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,426 shares of the company's stock after selling 37,457 shares during the quarter. Engineers Gate Manager LP's holdings in Stride were worth $1,417,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Leonteq Securities AG bought a new position in shares of Stride in the fourth quarter valued at about $35,000. EverSource Wealth Advisors LLC grew its holdings in Stride by 108.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company's stock worth $38,000 after acquiring an additional 225 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Stride in the 2nd quarter valued at about $46,000. Caitlin John LLC acquired a new stake in Stride in the 2nd quarter valued at about $49,000. Finally, Bard Associates Inc. bought a new position in shares of Stride in the second quarter worth about $88,000. Institutional investors own 98.24% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. BMO Capital Markets restated an "outperform" rating and issued a $38.00 price objective on shares of Stride in a research report on Wednesday, September 9th. William Blair lowered Stride from an "outperform" rating to a "market perform" rating in a research report on Thursday, July 30th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Stride in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $95.75.

Stride Stock Down 1.3%

Shares of Stride stock opened at $80.95 on Friday. The company has a quick ratio of 5.81, a current ratio of 5.94 and a debt-to-equity ratio of 0.29. Stride, Inc. has a 12 month low of $60.61 and a 12 month high of $155.06. The business has a fifty day simple moving average of $84.65 and a 200 day simple moving average of $88.28. The stock has a market cap of $3.36 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 0.48 and a beta of 0.11.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.48. Stride had a return on equity of 23.49% and a net margin of 13.43%.The firm had revenue of $636.06 million for the quarter, compared to analyst estimates of $626.52 million. During the same quarter in the prior year, the firm posted $2.29 earnings per share. The company's quarterly revenue was down 2.7% on a year-over-year basis. Research analysts predict that Stride, Inc. will post 8.62 EPS for the current year.

Stride Profile

Stride, Inc is an education technology company that provides online and blended learning programs for students from kindergarten through grade 12. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instructional services and technology that support personalized learning.

Its offerings include full-time online public school programs, supplemental courses, career-focused learning and workforce-oriented education.

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