Charles Schwab Investment Management Inc. Has $44.26 Million Holdings in Stride, Inc. (NYSE:LRN)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Stride, Inc. (NYSE:LRN) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 518,821 shares of the company’s stock after buying an additional 16,114 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Stride were worth $44,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mendota Financial Group LLC bought a new position in Stride in the third quarter valued at approximately $86,000. nVerses Capital LLC acquired a new position in shares of Stride in the 2nd quarter valued at $78,000. GAMMA Investing LLC lifted its stake in shares of Stride by 45.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock valued at $176,000 after purchasing an additional 643 shares during the period. Central Pacific Bank Trust Division boosted its position in shares of Stride by 24.2% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company’s stock worth $184,000 after purchasing an additional 420 shares during the last quarter. Finally, Retirement Guys Formula LLC acquired a new stake in shares of Stride during the third quarter worth $203,000. 98.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Stride Stock Performance

Shares of Stride stock opened at $106.87 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 0.80 and a beta of 0.27. The stock’s 50-day moving average is $89.13 and its 200-day moving average is $79.28. Stride, Inc. has a one year low of $54.81 and a one year high of $108.48.

Stride (NYSE:LRN) last released its 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 firm had revenue of $551.08 million for the quarter, compared to analysts’ expectations of $504.29 million. Stride had a return on equity of 21.23% and a net margin of 11.38%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. Equities analysts predict that Stride, Inc. will post 6.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 transaction 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 8.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate 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.