Stride, Inc. $LRN Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Stride, Inc. (NYSE:LRN) by 7.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,919 shares of the company’s stock after selling 7,575 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Stride were worth $8,617,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LRN. Hsbc Holdings PLC acquired a new position in shares of Stride in the 2nd quarter worth approximately $452,000. Empowered Funds LLC acquired a new stake in Stride in the 2nd quarter valued at approximately $2,385,000. Caitlin John LLC acquired a new stake in Stride in the 2nd quarter valued at approximately $49,000. Public Employees Retirement System of Ohio purchased a new stake in Stride in the second quarter valued at approximately $46,000. Finally, Bank of America Corp DE purchased a new stake in Stride in the second quarter valued at approximately $49,350,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LRN. BMO Capital Markets restated a “market perform” rating on shares of Stride in a research report on Monday, August 31st. William Blair downgraded Stride from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $109.75.

Stride Price Performance

Shares of LRN opened at $84.86 on Tuesday. Stride, Inc. has a fifty-two week low of $60.61 and a fifty-two week high of $166.93. The firm’s 50 day moving average price is $85.87 and its 200 day moving average price is $88.36. The company has a market cap of $3.53 billion, a P/E ratio of 11.79, a PEG ratio of 0.49 and a beta of 0.11. The company has a quick ratio of 5.81, a current ratio of 5.94 and a debt-to-equity ratio of 0.29.

Stride (NYSE:LRN) last released its earnings results on Tuesday, August 4th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.48. The company had revenue of $636.06 million for the quarter, compared to analyst estimates of $626.52 million. Stride had a net margin of 13.43% and a return on equity of 23.49%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.29 EPS. On average, research analysts forecast that Stride, Inc. will post 8.62 earnings per share for the current fiscal year.

Stride 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.