Yousif Capital Management LLC Lowers Stake in Stride, Inc. (NYSE:LRN)

Yousif Capital Management LLC trimmed its position in Stride, Inc. (NYSE:LRN) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,243 shares of the company’s stock after selling 183 shares during the quarter. Yousif Capital Management LLC’s holdings in Stride were worth $1,688,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of LRN. R Squared Ltd acquired a new position in Stride during the fourth quarter valued at approximately $37,000. KBC Group NV raised its stake in shares of Stride by 68.5% in the 4th quarter. KBC Group NV now owns 1,891 shares of the company’s stock valued at $197,000 after acquiring an additional 769 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of Stride by 27.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock valued at $167,000 after acquiring an additional 426 shares in the last quarter. Sheets Smith Wealth Management purchased a new stake in Stride during the 4th quarter worth $205,000. Finally, OLD National Bancorp IN purchased a new stake in Stride during the 4th quarter worth $206,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LRN. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. BMO Capital Markets boosted their price target on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Morgan Stanley increased their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. 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. Finally, Barrington Research raised their price target on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.83.

Stride Trading Down 1.2 %

LRN opened at $139.01 on Wednesday. The stock has a market capitalization of $6.05 billion, a PE ratio of 23.21, a P/E/G ratio of 1.04 and a beta of 0.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. Stride, Inc. has a 12-month low of $54.81 and a 12-month high of $145.00. The firm’s fifty day moving average price is $115.00 and its 200 day moving average price is $95.94.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, research analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

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.