Intech Investment Management LLC Has $2.54 Million Stock Holdings in Stride, Inc. $LRN

Intech Investment Management LLC cut its position in Stride, Inc. (NYSE:LRN) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,038 shares of the company’s stock after selling 8,027 shares during the period. Intech Investment Management LLC’s holdings in Stride were worth $2,535,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Stride by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,052,612 shares of the company’s stock worth $68,356,000 after purchasing an additional 8,919 shares during the period. Malaga Cove Capital LLC acquired a new stake in Stride in the fourth quarter worth $291,000. Royce & Associates LP raised its holdings in Stride by 186.3% in the fourth quarter. Royce & Associates LP now owns 58,238 shares of the company’s stock worth $3,781,000 after purchasing an additional 37,896 shares during the period. Westover Capital Advisors LLC raised its holdings in Stride by 84.8% in the fourth quarter. Westover Capital Advisors LLC now owns 37,289 shares of the company’s stock worth $2,421,000 after purchasing an additional 17,116 shares during the period. Finally, Systematic Financial Management LP raised its holdings in Stride by 3.4% in the fourth quarter. Systematic Financial Management LP now owns 329,365 shares of the company’s stock worth $21,386,000 after purchasing an additional 10,780 shares during the period. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LRN shares. BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a report on Tuesday, March 3rd. Barrington Research restated an “outperform” rating and set a $125.00 price objective on shares of Stride in a report on Thursday, April 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Stride in a report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $109.75.

Stride Stock Up 1.3%

Stride stock opened at $97.80 on Wednesday. The company has a market cap of $4.16 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 0.59 and a beta of 0.10. The company has a fifty day simple moving average of $91.34 and a 200 day simple moving average of $79.97. 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, Inc. has a 1-year low of $60.61 and a 1-year high of $171.17.

Stride (NYSE:LRN) last posted 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. The firm had revenue of $629.87 million during the quarter, compared to the consensus estimate of $629.69 million. Stride had a return on equity of 25.20% and a net margin of 12.15%.The business’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $2.02 earnings per share. Research analysts anticipate that Stride, Inc. will post 8.21 earnings per share for the current fiscal year.

About Stride

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.