Isthmus Partners LLC Has $459,000 Stock Position in Stride, Inc. (NYSE:LRN)

Isthmus Partners LLC raised its stake in Stride, Inc. (NYSE:LRN) by 11.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,384 shares of the company’s stock after buying an additional 570 shares during the quarter. Isthmus Partners LLC’s holdings in Stride were worth $459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LRN. Advisors Asset Management Inc. raised its stake in shares of Stride by 38.0% in the first quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company’s stock worth $173,000 after purchasing an additional 754 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Stride by 641.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 508,444 shares of the company’s stock worth $32,058,000 after purchasing an additional 439,911 shares during the last quarter. Burney Co. purchased a new stake in shares of Stride in the first quarter worth approximately $2,055,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Stride in the first quarter worth approximately $5,402,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Stride by 4.7% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 28,900 shares of the company’s stock worth $2,037,000 after purchasing an additional 1,300 shares during the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Canaccord Genuity Group increased their price objective on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group assumed coverage on Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 target price for the company. Citigroup upped their target price on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Barrington Research upped their target price on Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.17.

Insider Buying and Selling at Stride

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $91.54, for a total transaction of $734,883.12. Following the sale, the director now owns 85,058 shares in the company, valued at $7,786,209.32. This represents a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is owned by corporate insiders.

Stride Price Performance

Shares of NYSE LRN opened at $106.87 on Friday. The stock has a fifty day simple moving average of $88.69 and a two-hundred day simple moving average of $78.97. Stride, Inc. has a 1-year low of $54.81 and a 1-year high of $108.48. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 0.80 and a beta of 0.27. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.72. Stride had a return on equity of 21.23% and a net margin of 11.38%. The business had revenue of $551.08 million during the quarter, compared to analyst estimates of $504.29 million. During the same period in the prior year, the company earned $0.11 earnings per share. Stride’s revenue was up 14.8% compared to the same quarter last year. Analysts anticipate that Stride, Inc. will post 6.66 earnings per share for the current 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.