Fuller & Thaler Asset Management Inc. Lowers Stock Holdings in Stride, Inc. $LRN

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Stride, Inc. by 10.7%, now holding 1,148,794 shares valued at approximately $145.3 million.
• Several institutional investors increased their investments in Stride during the first quarter, with Congress Asset Management boosting its holdings by 102.2% and GAMMA Investing LLC by an astonishing 14,892.4%.
• Analysts have a consensus rating of "Moderate Buy" for Stride, with price targets raised recently, including a boost from Canaccord Genuity from $145.00 to $155.00.

Fuller & Thaler Asset Management Inc. lowered its stake in Stride, Inc. (NYSE:LRN - Free Report) by 10.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,148,794 shares of the company's stock after selling 137,424 shares during the period. Fuller & Thaler Asset Management Inc. owned about 2.64% of Stride worth $145,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in Stride by 333.3% in the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company's stock valued at $26,000 after purchasing an additional 160 shares in the last quarter. 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 valued at $34,000 after purchasing an additional 156 shares in the last quarter. Harbour Investments Inc. increased its holdings 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 acquiring an additional 266 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Stride by 158.8% in the 1st quarter. Fifth Third Bancorp now owns 383 shares of the company's stock valued at $48,000 after acquiring an additional 235 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Stride in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 98.24% of the company's stock.

Insider Buying and Selling at Stride

In other Stride news, CEO James Jeaho Rhyu sold 13,961 shares of Stride stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total value of $2,270,896.26. Following the transaction, the chief executive officer directly owned 706,353 shares in the company, valued at approximately $114,895,378.98. This trade represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.00% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on LRN. William Blair reiterated an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a report on Thursday, May 1st. Morgan Stanley increased their price objective on Stride from $148.00 to $159.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Stride from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Finally, Canaccord Genuity Group increased their price objective on Stride from $145.00 to $155.00 and gave the company a "buy" rating in a report on Monday, April 28th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $143.40.

Stride Stock Performance

NYSE:LRN traded down $0.2130 during mid-day trading on Wednesday, reaching $163.4070. 510,086 shares of the stock were exchanged, compared to its average volume of 751,898. The company has a 50 day simple moving average of $140.95 and a 200-day simple moving average of $139.60. The stock has a market capitalization of $7.13 billion, a P/E ratio of 27.14, a P/E/G ratio of 0.96 and a beta of 0.10. The company has a quick ratio of 5.27, a current ratio of 5.39 and a debt-to-equity ratio of 0.31. Stride, Inc. has a 1 year low of $63.25 and a 1 year high of $164.41.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.46. Stride had a return on equity of 25.51% and a net margin of 11.97%.The firm had revenue of $653.65 million for the quarter, compared to the consensus estimate of $626.23 million. During the same quarter last year, the business posted $1.42 EPS. The firm's quarterly revenue was up 22.4% compared to the same quarter last year. Analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

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.