111 Capital Buys Shares of 1,889 Stride, Inc. $LRN

111 Capital purchased a new stake in shares of Stride, Inc. (NYSE:LRN) in the second quarter, HoldingsChannel reports. The firm purchased 1,889 shares of the company’s stock, valued at approximately $274,000.

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

Analysts Set New Price Targets

A number of analysts have issued reports on LRN shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Stride in a research note on Saturday, September 27th. Morgan Stanley upped their target price on shares of Stride from $148.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Barrington Research reissued an “outperform” rating and issued a $185.00 price target on shares of Stride in a research report on Tuesday, September 23rd. Finally, Wall Street Zen downgraded shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Stride presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.40.

Insider Activity

In other news, CEO James Jeaho Rhyu sold 13,961 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total value of $2,270,896.26. Following the transaction, the chief executive officer owned 706,353 shares in the company, valued at approximately $114,895,378.98. This represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.

Stride Trading Down 1.9%

NYSE LRN opened at $140.77 on Tuesday. Stride, Inc. has a 52 week low of $63.25 and a 52 week high of $171.17. The firm has a 50 day moving average of $151.47 and a two-hundred day moving average of $144.59. The company has a quick ratio of 5.27, a current ratio of 5.39 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $6.14 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 0.81 and a beta of 0.07.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.46. The business had revenue of $653.65 million during the quarter, compared to analysts’ expectations of $626.23 million. Stride had a net margin of 11.97% and a return on equity of 25.51%. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 EPS. As a group, research analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal 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.