Y Intercept Hong Kong Ltd Sells 20,205 Shares of Stride, Inc. $LRN

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Stride, Inc. (NYSE:LRN) by 76.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 6,312 shares of the company’s stock after selling 20,205 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Stride were worth $557,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Stride by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 4,883,571 shares of the company’s stock worth $317,090,000 after acquiring an additional 340,838 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Stride by 1.3% during the 3rd quarter. Invesco Ltd. now owns 1,805,508 shares of the company’s stock valued at $268,912,000 after acquiring an additional 23,488 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Stride by 32.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,659,795 shares of the company’s stock valued at $107,773,000 after acquiring an additional 408,585 shares in the last quarter. Morgan Stanley raised its stake in shares of Stride by 98.1% in the 4th quarter. Morgan Stanley now owns 1,631,570 shares of the company’s stock valued at $105,938,000 after acquiring an additional 808,141 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Stride by 1.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,414,430 shares of the company’s stock worth $91,848,000 after purchasing an additional 21,949 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a research report on Wednesday, July 8th. Barrington Research reissued an “outperform” rating and issued a $125.00 price target on shares of Stride in a research report on Thursday, April 16th. BMO Capital Markets restated a “market perform” rating on shares of Stride in a research note on Monday, June 15th. Finally, William Blair reaffirmed an “outperform” rating on shares of Stride in a report on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $109.75.

Stride Trading Up 1.1%

Shares of LRN stock opened at $92.01 on Tuesday. The firm has a market capitalization of $3.91 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 0.51 and a beta of 0.10. Stride, Inc. has a 1 year low of $60.61 and a 1 year high of $171.17. The firm’s fifty day simple moving average is $90.41 and its 200 day simple moving average is $85.60. The company has a current ratio of 6.21, a quick ratio of 6.14 and a debt-to-equity ratio of 0.29.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.09. Stride had a net margin of 12.15% and a return on equity of 25.20%. The firm had revenue of $629.87 million during the quarter, compared to the consensus estimate of $629.69 million. During the same period in the prior year, the firm earned $2.02 EPS. The business’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts predict that Stride, Inc. will post 8.21 EPS for the current year.

Stride Company Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.