Kendall Capital Management Has $1.05 Million Stake in Stride, Inc. (NYSE:LRN)

Kendall Capital Management raised its holdings in Stride, Inc. (NYSE:LRN) by 89.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,820 shares of the company’s stock after acquiring an additional 7,010 shares during the period. Kendall Capital Management’s holdings in Stride were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LRN. Quadrant Capital Group LLC grew its stake in 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 acquiring an additional 483 shares during the period. Motco acquired a new position in Stride in the first quarter valued at about $74,000. EntryPoint Capital LLC acquired a new position in Stride in the first quarter valued at about $77,000. nVerses Capital LLC acquired a new position in Stride in the second quarter valued at about $78,000. Finally, GAMMA Investing LLC grew its stake in Stride by 25.9% in the first quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock valued at $87,000 after acquiring an additional 282 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Performance

LRN opened at $81.91 on Thursday. Stride, Inc. has a 52-week low of $43.77 and a 52-week high of $84.20. The firm has a market capitalization of $3.54 billion, a PE ratio of 19.23, a PEG ratio of 0.77 and a beta of 0.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.95 and a current ratio of 5.10. The business’s 50-day simple moving average is $77.54 and its 200 day simple moving average is $69.98.

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barrington Research boosted their price target on Stride from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Canaccord Genuity Group assumed coverage on Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price target on the stock. Canaccord Genuity Group assumed coverage on Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price target on the stock. StockNews.com upgraded Stride from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, Citigroup lowered Stride from a “buy” rating to a “neutral” rating and boosted their price target for the company from $77.00 to $90.00 in a report on Tuesday, August 20th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.83.

About Stride

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.