Systematic Financial Management LP Lowers Stock Holdings in Stride, Inc. (NYSE:LRN)

Systematic Financial Management LP trimmed its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 389,051 shares of the company's stock after selling 19,951 shares during the period. Stride comprises 1.0% of Systematic Financial Management LP's investment portfolio, making the stock its 21st biggest holding. Systematic Financial Management LP owned approximately 0.89% of Stride worth $40,434,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Franklin Resources Inc. lifted its stake in shares of Stride by 14.3% in the third quarter. Franklin Resources Inc. now owns 27,816 shares of the company's stock valued at $2,373,000 after purchasing an additional 3,477 shares during the period. Ritholtz Wealth Management lifted its position in shares of Stride by 52.9% during the 4th quarter. Ritholtz Wealth Management now owns 10,047 shares of the company's stock valued at $1,044,000 after acquiring an additional 3,474 shares during the period. Hennessy Advisors Inc. lifted its position in shares of Stride by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 160,400 shares of the company's stock valued at $16,670,000 after acquiring an additional 10,200 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Stride by 26.9% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 295,532 shares of the company's stock worth $30,715,000 after acquiring an additional 62,590 shares during the period. Finally, Sheets Smith Wealth Management acquired a new stake in shares of Stride in the 4th quarter worth approximately $205,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LRN has been the topic of a number of research analyst reports. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Barrington Research lifted their price target on Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Canaccord Genuity Group boosted their price objective on shares of Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Finally, William Blair restated an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Stride currently has an average rating of "Moderate Buy" and a consensus price target of $126.83.

Stride Price Performance

Shares of NYSE:LRN traded down $0.22 on Thursday, hitting $155.66. The company had a trading volume of 201,440 shares, compared to its average volume of 837,715. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The company has a market cap of $6.77 billion, a PE ratio of 26.02, a PEG ratio of 1.04 and a beta of 0.36. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $162.30. The business has a 50 day moving average of $138.58 and a 200 day moving average of $124.18.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). The firm had revenue of $613.38 million during the quarter, compared to analysts' expectations of $591.15 million. Stride had a net margin of 12.30% and a return on equity of 22.42%. Stride's revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the company posted $1.60 earnings per share. As a group, equities analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Stride 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.