Dimensional Fund Advisors LP Sells 11,078 Shares of Stride, Inc. (NYSE:LRN)

Dimensional Fund Advisors LP cut its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,990,016 shares of the company's stock after selling 11,078 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.89% of Stride worth $177,517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SummerHaven Investment Management LLC increased its position in Stride by 0.9% in the fourth quarter. SummerHaven Investment Management LLC now owns 20,081 shares of the company's stock worth $1,192,000 after purchasing an additional 182 shares during the period. Daiwa Securities Group Inc. increased its position in Stride by 13.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,760 shares of the company's stock worth $104,000 after purchasing an additional 215 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new stake in Stride in the fourth quarter worth about $29,000. Nomura Asset Management Co. Ltd. increased its position in Stride by 20.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 3,142 shares of the company's stock worth $141,000 after purchasing an additional 534 shares during the period. Finally, McIlrath & Eck LLC acquired a new stake in Stride in the third quarter worth about $31,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Stock Down 0.4 %

Shares of LRN traded down $0.30 on Friday, hitting $70.23. The company's stock had a trading volume of 546,473 shares, compared to its average volume of 765,395. The company has a quick ratio of 4.21, a current ratio of 4.29 and a debt-to-equity ratio of 0.40. The firm's fifty day moving average price is $63.88 and its 200-day moving average price is $60.75. Stride, Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $73.32. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 0.79 and a beta of 0.26.

Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.13. Stride had a return on equity of 18.29% and a net margin of 9.29%. The business had revenue of $520.84 million during the quarter, compared to analyst estimates of $507.89 million. During the same period in the previous year, the firm earned $1.30 EPS. Stride's quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts expect that Stride, Inc. will post 4.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LRN. BMO Capital Markets boosted their target price on Stride from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Thursday, April 25th. Wedbush restated an "outperform" rating on shares of Stride in a research report on Wednesday, January 24th. Morgan Stanley boosted their target price on Stride from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 24th. Citigroup boosted their target price on Stride from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, January 29th. Finally, Barrington Research restated an "outperform" rating and set a $75.00 target price on shares of Stride in a research report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $72.00.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.