Stride, Inc. (NYSE:LRN) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in shares of Stride, Inc. (NYSE:LRN) by 8,431.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,119 shares of the company’s stock after acquiring an additional 5,059 shares during the period. International Assets Investment Management LLC’s holdings in Stride were worth $437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of LRN. UniSuper Management Pty Ltd bought a new position in Stride in the 1st quarter worth about $555,000. Blue Trust Inc. lifted its stake in shares of Stride by 795.5% in the 2nd quarter. Blue Trust Inc. now owns 11,543 shares of the company’s stock worth $814,000 after acquiring an additional 10,254 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Stride in the 2nd quarter worth approximately $534,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Stride by 24.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,000 shares of the company’s stock worth $3,071,000 after acquiring an additional 7,100 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Stride in the 1st quarter worth approximately $5,402,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group upped their price target on shares of Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com lowered shares of Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. BMO Capital Markets upped their price target on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup increased their target price on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Barrington Research increased their target price on shares of Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Stride currently has an average rating of “Moderate Buy” and an average target price of $90.17.

Stride Stock Up 4.9 %

Shares of NYSE:LRN opened at $99.43 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. The company has a market cap of $4.33 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 0.70 and a beta of 0.27. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $99.48. The firm has a 50 day simple moving average of $81.68 and a 200 day simple moving average of $75.07.

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

Insider Activity at Stride

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

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.