Los Angeles Capital Management LLC Has $3.21 Million Stake in Stride, Inc. (NYSE:LRN)

Los Angeles Capital Management LLC cut its holdings in shares of Stride, Inc. (NYSE:LRN) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,067 shares of the company’s stock after selling 6,060 shares during the quarter. Los Angeles Capital Management LLC owned about 0.12% of Stride worth $3,210,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LRN. Victory Capital Management Inc. lifted its stake in shares of Stride by 85.5% during the 4th quarter. Victory Capital Management Inc. now owns 26,330 shares of the company’s stock worth $1,563,000 after buying an additional 12,134 shares during the last quarter. EWA LLC bought a new position in shares of Stride during the fourth quarter worth approximately $208,000. SummerHaven Investment Management LLC boosted its stake in Stride by 0.9% in the 4th quarter. SummerHaven Investment Management LLC now owns 20,081 shares of the company’s stock valued at $1,192,000 after purchasing an additional 182 shares during the period. Russell Investments Group Ltd. boosted its stake in Stride by 147.8% in the 4th quarter. Russell Investments Group Ltd. now owns 312,044 shares of the company’s stock valued at $18,526,000 after purchasing an additional 186,099 shares during the period. Finally, GAMMA Investing LLC bought a new position in Stride during the 4th quarter worth $65,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Stock Up 2.2 %

Shares of NYSE LRN opened at $69.82 on Monday. The stock has a 50-day moving average price of $61.81 and a two-hundred day moving average price of $59.45. Stride, Inc. has a 12 month low of $35.61 and a 12 month high of $69.99. The company has a current ratio of 4.29, a quick ratio of 4.21 and a debt-to-equity ratio of 0.40. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 0.77 and a beta of 0.26.

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

Analyst Ratings Changes

LRN has been the topic of a number of recent research reports. BMO Capital Markets raised their price target on shares of Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Morgan Stanley raised their price objective on Stride from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Wedbush reiterated an “outperform” rating on shares of Stride in a research report on Wednesday, January 24th. Finally, Citigroup boosted their price target on Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Stride presently has an average rating of “Moderate Buy” and a consensus price target of $72.00.

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.