Stride, Inc. (NYSE:LRN) Stock Holdings Lessened by Global Alpha Capital Management Ltd.

Key Points

• Global Alpha Capital Management Ltd. reduced its stake in Stride, Inc. by 17.5% to approximately 21,954 shares, valued at around $2.78 million.
• Several other institutional investors increased their holdings in Stride, including Larson Financial Group, which raised its stake by 333.3% during the same period.
• Stride reported strong quarterly earnings, with $2.29 earnings per share, surpassing analysts’ expectations and showing a revenue increase of 22.4% year-over-year.

Global Alpha Capital Management Ltd. lowered its stake in Stride, Inc. (NYSE:LRN - Free Report) by 17.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,954 shares of the company's stock after selling 4,669 shares during the period. Global Alpha Capital Management Ltd. owned approximately 0.05% of Stride worth $2,777,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in shares of Stride by 333.3% in the first quarter. Larson Financial Group LLC now owns 208 shares of the company's stock valued at $26,000 after buying an additional 160 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Stride by 140.5% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock valued at $34,000 after buying an additional 156 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of Stride by 374.6% in the first quarter. Harbour Investments Inc. now owns 337 shares of the company's stock valued at $43,000 after buying an additional 266 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Stride by 158.8% in the first quarter. Fifth Third Bancorp now owns 383 shares of the company's stock valued at $48,000 after buying an additional 235 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Stride in the fourth quarter valued at $41,000. Institutional investors own 98.24% of the company's stock.

Stride Price Performance

LRN opened at $149.60 on Friday. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30. The company has a quick ratio of 5.53, a current ratio of 5.39 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $6.53 billion, a P/E ratio of 24.85, a PEG ratio of 0.85 and a beta of 0.10. The stock has a fifty day moving average of $138.65 and a 200-day moving average of $137.67.

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

Wall Street Analyst Weigh In

LRN has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Stride from $148.00 to $159.00 and gave the company an "equal weight" rating in a research note on Wednesday. Barrington Research restated an "outperform" rating and issued a $170.00 target price on shares of Stride in a report on Thursday, July 24th. BMO Capital Markets restated an "outperform" rating on shares of Stride in a report on Thursday, May 1st. William Blair restated an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Finally, Canaccord Genuity Group increased their target price on Stride from $145.00 to $155.00 and gave the company a "buy" rating in a report on Monday, April 28th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $143.40.

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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