Mutual of America Capital Management LLC Trims Holdings in Stride, Inc. $LRN

Mutual of America Capital Management LLC reduced its holdings in shares of Stride, Inc. (NYSE:LRN) by 11.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,514 shares of the company’s stock after selling 715 shares during the period. Mutual of America Capital Management LLC’s holdings in Stride were worth $801,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of LRN. Rezny Wealth Management Inc. increased its stake in shares of Stride by 0.6% during the second quarter. Rezny Wealth Management Inc. now owns 14,152 shares of the company’s stock valued at $2,055,000 after purchasing an additional 83 shares in the last quarter. Vident Advisory LLC grew its stake in shares of Stride by 2.9% in the 1st quarter. Vident Advisory LLC now owns 2,941 shares of the company’s stock worth $372,000 after buying an additional 84 shares during the last quarter. Vestcor Inc increased its position in Stride by 4.6% during the 1st quarter. Vestcor Inc now owns 2,328 shares of the company’s stock valued at $294,000 after buying an additional 102 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in Stride by 0.9% during the second quarter. Maryland State Retirement & Pension System now owns 12,614 shares of the company’s stock valued at $1,831,000 after buying an additional 109 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Stride by 62.7% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

Insider Buying and Selling at Stride

In other news, CEO James Jeaho Rhyu sold 13,961 shares of Stride stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total value of $2,270,896.26. Following the sale, the chief executive officer directly owned 706,353 shares of the company’s stock, valued at approximately $114,895,378.98. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by insiders.

Stride Trading Up 0.4%

Shares of NYSE:LRN opened at $152.68 on Tuesday. The company has a market cap of $6.66 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 0.86 and a beta of 0.07. Stride, Inc. has a 12-month low of $89.11 and a 12-month high of $171.17. The stock has a 50 day moving average of $152.32 and a 200 day moving average of $146.59. The company has a current ratio of 5.39, a quick ratio of 5.27 and a debt-to-equity ratio of 0.31.

Stride (NYSE:LRN) last released its earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.46. Stride had a net margin of 11.97% and a return on equity of 25.51%. The company had revenue of $653.65 million for the quarter, compared to analysts’ expectations of $626.23 million. During the same quarter in the previous year, the company earned $1.42 EPS. Stride’s revenue for the quarter was up 22.4% on a year-over-year basis. As a group, equities research analysts expect that Stride, Inc. will post 6.67 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Stride in a research report on Wednesday, October 8th. Barrington Research restated an “outperform” rating and set a $185.00 price objective on shares of Stride in a research note on Tuesday, September 23rd. Canaccord Genuity Group upped their target price on shares of Stride from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Morgan Stanley increased their price target on shares of Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $150.40.

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.