Isthmus Partners LLC Sells 2,328 Shares of Stride, Inc. (NYSE:LRN)

Isthmus Partners LLC lowered its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 43.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,995 shares of the company's stock after selling 2,328 shares during the quarter. Isthmus Partners LLC's holdings in Stride were worth $379,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Stride by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company's stock valued at $485,706,000 after buying an additional 69,888 shares during the period. William Blair Investment Management LLC increased its stake in Stride by 18.0% in the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock valued at $256,397,000 after buying an additional 375,686 shares during the period. Janus Henderson Group PLC increased its stake in Stride by 27.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company's stock valued at $155,251,000 after buying an additional 323,275 shares during the period. Congress Asset Management Co. increased its stake in Stride by 102.2% in the 1st quarter. Congress Asset Management Co. now owns 1,169,748 shares of the company's stock valued at $147,973,000 after buying an additional 591,208 shares during the period. Finally, Geode Capital Management LLC increased its stake in Stride by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 970,395 shares of the company's stock valued at $100,877,000 after buying an additional 5,694 shares during the period. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Stock Performance

NYSE:LRN traded down $1.68 during midday trading on Friday, reaching $134.24. The stock had a trading volume of 560,279 shares, compared to its average volume of 863,533. Stride, Inc. has a 1-year low of $63.25 and a 1-year high of $162.30. The firm's fifty day simple moving average is $147.18 and its 200-day simple moving average is $134.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 5.61 and a quick ratio of 5.53. The stock has a market capitalization of $5.84 billion, a P/E ratio of 20.94, a PEG ratio of 0.87 and a beta of 0.32.

Stride (NYSE:LRN - Get Free Report) last posted its earnings results 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 analyst estimates of $591.15 million. During the same quarter in the previous year, the business posted $1.60 earnings per share. The business's quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts forecast that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analysts Set New Price Targets

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