Stride, Inc. (NYSE:LRN) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lowered its position in Stride, Inc. (NYSE:LRN) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 407,721 shares of the company’s stock after selling 39,305 shares during the quarter. Systematic Financial Management LP owned 0.94% of Stride worth $28,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in shares of Stride in the second quarter worth $78,000. Motco acquired a new position in Stride during the 1st quarter worth approximately $74,000. EntryPoint Capital LLC purchased a new position in shares of Stride in the first quarter valued at $77,000. GAMMA Investing LLC increased its stake in Stride by 25.9% during the 1st quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock worth $87,000 after buying an additional 282 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in Stride by 38.0% in the 1st quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company’s stock worth $173,000 after buying an additional 754 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Wall Street Analyst Weigh In

LRN has been the topic of several recent analyst reports. StockNews.com upgraded Stride from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Canaccord Genuity Group began coverage on shares of Stride in a research note on Thursday, August 8th. They set a “buy” rating and a $94.00 price objective on the stock. BMO Capital Markets upped their target price on shares of Stride from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Citigroup downgraded Stride from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $77.00 to $90.00 in a research note on Tuesday, August 20th. Finally, Barrington Research restated an “outperform” rating and set a $90.00 price objective on shares of Stride in a research note on Friday, September 20th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Stride has an average rating of “Moderate Buy” and a consensus target price of $85.83.

Stride Stock Performance

Shares of LRN stock opened at $83.95 on Friday. The business has a 50 day simple moving average of $79.56 and a 200 day simple moving average of $71.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.10 and a quick ratio of 4.95. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 0.84 and a beta of 0.26. Stride, Inc. has a 12-month low of $43.77 and a 12-month high of $86.60.

Stride (NYSE:LRN) last released its earnings results on Tuesday, August 6th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.27 by $0.15. Stride had a net margin of 10.01% and a return on equity of 19.12%. The firm had revenue of $534.18 million for the quarter, compared to analysts’ expectations of $525.89 million. During the same quarter last year, the company earned $1.01 EPS. Stride’s quarterly revenue was up 10.5% on a year-over-year basis. On average, equities research analysts anticipate that Stride, Inc. will post 5.05 EPS for the current year.

About Stride

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.