Versor Investments LP Sells 3,894 Shares of Stride, Inc. (NYSE:LRN)

Versor Investments LP trimmed its stake in Stride, Inc. (NYSE:LRN) by 40.9% during the second quarter, Holdings Channel reports. The fund owned 5,633 shares of the company’s stock after selling 3,894 shares during the quarter. Versor Investments LP’s holdings in Stride were worth $397,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LRN. International Assets Investment Management LLC raised its position in shares of Stride by 5,837.0% in the fourth quarter. International Assets Investment Management LLC now owns 13,655 shares of the company’s stock valued at $811,000 after purchasing an additional 13,425 shares during the period. Victory Capital Management Inc. raised its holdings in Stride by 85.5% in the 4th quarter. Victory Capital Management Inc. now owns 26,330 shares of the company’s stock worth $1,563,000 after acquiring an additional 12,134 shares during the period. M&T Bank Corp acquired a new position in Stride during the 4th quarter worth $210,000. Picton Mahoney Asset Management bought a new stake in Stride during the fourth quarter valued at about $162,000. Finally, Quadrant Capital Group LLC grew its position in shares of Stride by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock valued at $66,000 after purchasing an additional 483 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Trading Down 0.1 %

Shares of Stride stock opened at $80.66 on Thursday. Stride, Inc. has a 52-week low of $41.70 and a 52-week high of $83.97. The firm has a market capitalization of $3.49 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 0.82 and a beta of 0.28. 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 company’s fifty day moving average price is $75.11 and its two-hundred day moving average price is $68.38.

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

Analyst Upgrades and Downgrades

LRN has been the subject of several research analyst reports. BMO Capital Markets boosted their price objective on Stride from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Canaccord Genuity Group initiated coverage on Stride in a research report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price objective for the company. Citigroup downgraded shares of Stride from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $77.00 to $90.00 in a research note on Tuesday, August 20th. Barrington Research increased their price target on shares of Stride from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Finally, Canaccord Genuity Group initiated coverage on shares of Stride in a research report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $85.83.

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.