Yousif Capital Management LLC Sells 358 Shares of Stride, Inc. (NYSE:LRN)

Yousif Capital Management LLC trimmed its position in shares of Stride, Inc. (NYSE:LRN) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,885 shares of the company’s stock after selling 358 shares during the period. Yousif Capital Management LLC’s holdings in Stride were worth $2,009,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LRN. Principal Financial Group Inc. lifted its position in Stride by 293.1% during the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock valued at $90,024,000 after purchasing an additional 645,835 shares during the last quarter. Congress Asset Management Co. grew its position in shares of Stride by 102.2% in the 1st quarter. Congress Asset Management Co. now owns 1,169,748 shares of the company’s stock worth $147,973,000 after buying an additional 591,208 shares during the last quarter. Norges Bank purchased a new stake in Stride during the 4th quarter worth approximately $45,306,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Stride by 783.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company’s stock worth $47,095,000 after purchasing an additional 401,838 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in Stride by 18.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock worth $256,397,000 after purchasing an additional 375,686 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Price Performance

NYSE LRN opened at $143.06 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. Stride, Inc. has a fifty-two week low of $63.25 and a fifty-two week high of $162.30. The stock’s 50-day moving average is $146.04 and its two-hundred day moving average is $129.92. The firm has a market cap of $6.23 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 1.04 and a beta of 0.35.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.07). Stride had a net margin of 12.30% and a return on equity of 22.42%. The business had revenue of $613.38 million during the quarter, compared to the consensus estimate of $591.15 million. During the same period in the previous year, the firm earned $1.60 EPS. The business’s revenue was up 17.8% compared to the same quarter last year. On average, analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on LRN shares. Barrington Research increased their price objective on shares of Stride from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Canaccord Genuity Group increased their price objective on Stride from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. William Blair restated an “outperform” rating on shares of Stride in a research note on Wednesday, April 30th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Stride in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.83.

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.