Stride, Inc. (NYSE:LRN) Stock Holdings Trimmed by WCM Investment Management LLC

WCM Investment Management LLC trimmed its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 25.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 148,162 shares of the company's stock after selling 49,547 shares during the period. WCM Investment Management LLC owned approximately 0.34% of Stride worth $18,698,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Aigen Investment Management LP purchased a new stake in Stride during the fourth quarter valued at about $995,000. Truist Financial Corp purchased a new stake in shares of Stride during the 4th quarter worth about $302,000. GAMMA Investing LLC increased its position in Stride by 14,892.4% during the 1st quarter. GAMMA Investing LLC now owns 370,013 shares of the company's stock worth $46,807,000 after purchasing an additional 367,545 shares in the last quarter. Kendall Capital Management raised its holdings in Stride by 24.4% in the fourth quarter. Kendall Capital Management now owns 23,135 shares of the company's stock valued at $2,404,000 after buying an additional 4,545 shares during the period. Finally, Wellington Management Group LLP lifted its position in Stride by 120.6% during the fourth quarter. Wellington Management Group LLP now owns 607,581 shares of the company's stock valued at $63,146,000 after buying an additional 332,098 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Stock Up 0.9%

LRN traded up $1.21 during trading hours on Thursday, reaching $138.83. 162,656 shares of the stock traded hands, compared to its average volume of 857,230. Stride, Inc. has a fifty-two week low of $63.25 and a fifty-two week high of $162.30. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 0.91 and a beta of 0.32. 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 firm's fifty day simple moving average is $148.39 and its two-hundred day simple moving average is $132.81.

Stride (NYSE:LRN - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.07). Stride had a net margin of 13.10% and a return on equity of 23.36%. The business had revenue of $613.38 million for the quarter, compared to analyst estimates of $591.15 million. During the same quarter in the prior year, the business earned $1.60 earnings per share. The firm's revenue was up 17.8% on a year-over-year basis. As a group, analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LRN shares. BMO Capital Markets reissued an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Wall Street Zen raised shares of Stride from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Canaccord Genuity Group raised their price objective on Stride from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, April 28th. William Blair reaffirmed an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Finally, Barrington Research increased their target price on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.83.

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.