AQR Capital Management LLC Sells 6,506 Shares of Stride, Inc. (NYSE:LRN)

AQR Capital Management LLC lowered its stake in Stride, Inc. (NYSE:LRN) by 16.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,805 shares of the company’s stock after selling 6,506 shares during the period. AQR Capital Management LLC owned approximately 0.08% of Stride worth $2,383,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. nVerses Capital LLC bought a new position in Stride in the 2nd quarter valued at about $78,000. Motco acquired a new position in Stride during the first quarter valued at approximately $74,000. EntryPoint Capital LLC bought a new stake in Stride during the first quarter worth $77,000. GAMMA Investing LLC boosted its holdings in shares of Stride by 25.9% in the 1st quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock valued at $87,000 after purchasing an additional 282 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Stride by 38.0% in the 1st quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company’s stock valued at $173,000 after purchasing an additional 754 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LRN. StockNews.com raised Stride from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. BMO Capital Markets increased their target price on shares of Stride from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Canaccord Genuity Group started coverage on shares of Stride in a research note on Thursday, August 8th. They issued a “buy” rating and a $94.00 price objective for the company. Canaccord Genuity Group began coverage on shares of Stride in a research report on Thursday, August 8th. They issued a “buy” rating and a $94.00 target price on the stock. Finally, Barrington Research reiterated an “outperform” rating and set a $90.00 price target on shares of Stride in a report on Friday, September 20th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Stride presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.83.

Stride Price Performance

Shares of NYSE:LRN opened at $77.02 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.95 and a current ratio of 5.10. Stride, Inc. has a 52 week low of $43.77 and a 52 week high of $88.02. The firm has a market cap of $3.33 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 0.84 and a beta of 0.26. The firm’s fifty day moving average is $80.84 and its 200-day moving average is $72.12.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, August 6th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.27 by $0.15. The firm had revenue of $534.18 million for the quarter, compared to the consensus estimate of $525.89 million. Stride had a return on equity of 19.12% and a net margin of 10.01%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 EPS. Sell-side analysts predict that Stride, Inc. will post 5.05 earnings per share for the current year.

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.