Stride, Inc. $LRN Shares Acquired by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC increased its holdings in shares of Stride, Inc. (NYSE:LRN) by 41.4% in the second quarter, Holdings Channel reports. The firm owned 6,242 shares of the company’s stock after buying an additional 1,829 shares during the period. Duncan Williams Asset Management LLC’s holdings in Stride were worth $906,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake in Stride by 333.3% during the first quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock worth $26,000 after buying an additional 160 shares during the period. First Horizon Advisors Inc. lifted its stake in Stride by 140.5% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock worth $34,000 after purchasing an additional 156 shares in the last quarter. Harbour Investments Inc. boosted its position in shares of Stride by 374.6% during the first quarter. Harbour Investments Inc. now owns 337 shares of the company’s stock worth $43,000 after buying an additional 266 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Stride in the first quarter valued at $43,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Stride by 62.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after buying an additional 131 shares during the period. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO James Jeaho Rhyu sold 13,961 shares of Stride stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total transaction of $2,270,896.26. Following the completion of the sale, the chief executive officer directly owned 706,353 shares of the company’s stock, valued at approximately $114,895,378.98. The trade was a 1.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

Stride Stock Performance

Shares of LRN opened at $143.66 on Monday. Stride, Inc. has a 1 year low of $63.25 and a 1 year high of $171.17. The stock has a market capitalization of $6.27 billion, a PE ratio of 23.86, a PEG ratio of 0.81 and a beta of 0.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.27 and a current ratio of 5.39. The stock has a 50-day simple moving average of $151.23 and a 200-day simple moving average of $144.46.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.46. Stride had a net margin of 11.97% and a return on equity of 25.51%. The firm had revenue of $653.65 million for the quarter, compared to analysts’ expectations of $626.23 million. During the same quarter last year, the company earned $1.42 earnings per share. The firm’s revenue was up 22.4% compared to the same quarter last year. On average, analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on LRN. Weiss Ratings restated a “buy (b)” rating on shares of Stride in a report on Saturday, September 27th. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley lifted their price objective on shares of Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $185.00 target price on shares of Stride in a research note on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Stride has a consensus rating of “Moderate Buy” and a consensus target price of $146.40.

Stride 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.