Amalgamated Bank Has $1.07 Million Holdings in Stride, Inc. (NYSE:LRN)

Amalgamated Bank lifted its position in Stride, Inc. (NYSE:LRN) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,528 shares of the company’s stock after acquiring an additional 235 shares during the quarter. Amalgamated Bank’s holdings in Stride were worth $1,069,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LRN. UniSuper Management Pty Ltd acquired a new stake in shares of Stride during the first quarter worth approximately $555,000. Blue Trust Inc. boosted its stake in shares of Stride by 795.5% during the 2nd quarter. Blue Trust Inc. now owns 11,543 shares of the company’s stock valued at $814,000 after buying an additional 10,254 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Stride during the 2nd quarter valued at $534,000. International Assets Investment Management LLC increased its stake in shares of Stride by 8,431.7% in the third quarter. International Assets Investment Management LLC now owns 5,119 shares of the company’s stock worth $437,000 after acquiring an additional 5,059 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in Stride by 24.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,000 shares of the company’s stock valued at $3,071,000 after purchasing an additional 7,100 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Insider Activity at Stride

In other news, Director Todd Goldthwaite sold 8,028 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the completion of the transaction, the director now directly owns 85,058 shares of the company’s stock, valued at approximately $7,786,209.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LRN has been the subject of a number of recent research reports. BMO Capital Markets raised their price target on Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Canaccord Genuity Group raised their price objective on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup boosted their target price on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Barrington Research upped their price objective on shares of Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.17.

Stride Price Performance

Shares of Stride stock opened at $100.47 on Thursday. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $83.65 and a 200-day simple moving average of $76.42. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 0.77 and a beta of 0.27. Stride, Inc. has a 1-year low of $54.81 and a 1-year high of $103.98.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.22 by $0.72. Stride had a return on equity of 21.23% and a net margin of 11.38%. The company had revenue of $551.08 million for the quarter, compared to the consensus estimate of $504.29 million. During the same period in the previous year, the business posted $0.11 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, sell-side analysts expect that Stride, Inc. will post 6.66 earnings per share for the current year.

Stride Company 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.