Los Angeles Capital Management LLC reduced its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 15.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,615 shares of the company's stock after selling 7,276 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.09% of Stride worth $5,011,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of LRN. DAVENPORT & Co LLC purchased a new position in shares of Stride during the 1st quarter valued at $461,000. Canandaigua National Bank & Trust Co. bought a new stake in shares of Stride during the 1st quarter valued at $273,000. GAMMA Investing LLC raised its stake in shares of Stride by 14,892.4% during the 1st quarter. GAMMA Investing LLC now owns 370,013 shares of the company's stock valued at $46,807,000 after purchasing an additional 367,545 shares during the period. Keybank National Association OH raised its stake in shares of Stride by 65.8% during the 1st quarter. Keybank National Association OH now owns 6,413 shares of the company's stock valued at $811,000 after purchasing an additional 2,544 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Stride by 120.6% during the 4th quarter. Wellington Management Group LLP now owns 607,581 shares of the company's stock valued at $63,146,000 after purchasing an additional 332,098 shares during the period. 98.24% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
LRN has been the topic of a number of research analyst reports. BMO Capital Markets restated an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. Canaccord Genuity Group upped their target price on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Wall Street Zen upgraded Stride from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. William Blair restated an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Finally, Barrington Research restated an "outperform" rating and issued a $170.00 target price on shares of Stride in a research note on Thursday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Stride currently has an average rating of "Moderate Buy" and an average price target of $126.83.
Check Out Our Latest Research Report on LRN
Stride Price Performance
Shares of LRN traded down $1.25 during midday trading on Thursday, reaching $129.48. The stock had a trading volume of 218,087 shares, compared to its average volume of 777,640. The company's 50-day moving average is $143.46 and its 200 day moving average is $135.79. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30. The company has a current ratio of 5.61, a quick ratio of 5.53 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 0.84 and a beta of 0.32.
Stride (NYSE:LRN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). The business had revenue of $613.38 million during the quarter, compared to analysts' expectations of $591.15 million. Stride had a return on equity of 23.36% and a net margin of 13.10%. Stride's revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 EPS. On average, equities analysts predict that Stride, Inc. will post 6.67 EPS for the current fiscal year.
About Stride
(
Free Report)
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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