Gotham Asset Management LLC Decreases Position in Stride, Inc. (NYSE:LRN)

Gotham Asset Management LLC decreased its holdings in shares of Stride, Inc. (NYSE:LRN) by 54.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,047 shares of the company’s stock after selling 9,670 shares during the quarter. Gotham Asset Management LLC’s holdings in Stride were worth $836,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Stride during the fourth quarter worth approximately $37,000. CIBC Private Wealth Group LLC lifted its stake in Stride by 85.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock worth $42,000 after purchasing an additional 178 shares during the last quarter. Covestor Ltd lifted its stake in Stride by 51.6% during the fourth quarter. Covestor Ltd now owns 632 shares of the company’s stock worth $66,000 after purchasing an additional 215 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Stride during the fourth quarter worth approximately $77,000. Finally, Smartleaf Asset Management LLC lifted its stake in Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after purchasing an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BMO Capital Markets restated an “outperform” rating on shares of Stride in a research note on Thursday, May 1st. Barrington Research lifted their price target on Stride from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Canaccord Genuity Group lifted their price target on Stride from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Stride in a research report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.83.

Stride Trading Up 0.5%

LRN opened at $154.62 on Friday. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $136.37 and its two-hundred day moving average is $123.08. Stride, Inc. has a 52 week low of $63.25 and a 52 week high of $162.30.

Stride (NYSE:LRN) last released its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.07). The company had revenue of $613.38 million during the quarter, compared to analyst estimates of $591.15 million. Stride had a net margin of 12.30% and a return on equity of 22.42%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 EPS. On average, research analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

Stride Company 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.