Stride, Inc. (NYSE:LRN) Stock Position Lessened by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of Stride, Inc. (NYSE:LRN) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,946,552 shares of the company’s stock after selling 22,954 shares during the quarter. Vanguard Group Inc. owned 11.41% of Stride worth $293,677,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Cim LLC bought a new position in Stride during the fourth quarter valued at about $213,000. Cat Rock Capital Management LP bought a new position in Stride during the fourth quarter valued at about $2,078,000. CenterBook Partners LP boosted its stake in Stride by 23.6% during the fourth quarter. CenterBook Partners LP now owns 11,665 shares of the company’s stock valued at $693,000 after buying an additional 2,226 shares in the last quarter. Martin Currie Ltd. bought a new position in Stride during the fourth quarter valued at about $293,000. Finally, Isthmus Partners LLC bought a new position in Stride during the fourth quarter valued at about $273,000. Institutional investors own 98.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. BMO Capital Markets upped their target price on Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Barrington Research reaffirmed an “outperform” rating and set a $75.00 target price on shares of Stride in a report on Wednesday, April 24th. Finally, StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Stride Stock Up 2.0 %

Shares of Stride stock opened at $70.50 on Friday. The stock has a 50-day moving average price of $68.87 and a 200 day moving average price of $63.20. The company has a market cap of $3.05 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.76 and a beta of 0.27. The company has a current ratio of 4.29, a quick ratio of 4.21 and a debt-to-equity ratio of 0.40. Stride, Inc. has a 1 year low of $35.61 and a 1 year high of $73.32.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.13. The firm had revenue of $520.84 million during the quarter, compared to the consensus estimate of $507.89 million. Stride had a return on equity of 18.29% and a net margin of 9.29%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 EPS. As a group, analysts expect that Stride, Inc. will post 4.55 EPS for the current fiscal year.

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.