Intech Investment Management LLC Sells 8,027 Shares of Stride, Inc. $LRN

Intech Investment Management LLC trimmed its position in shares of Stride, Inc. (NYSE:LRN) by 17.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,038 shares of the company’s stock after selling 8,027 shares during the quarter. Intech Investment Management LLC owned approximately 0.09% of Stride worth $2,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new stake in Stride during the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. grew its stake in Stride by 78.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after buying an additional 85 shares during the last quarter. Leonteq Securities AG bought a new stake in Stride during the fourth quarter worth about $35,000. Sentry Investment Management LLC bought a new stake in Stride during the third quarter worth about $42,000. Finally, Geneos Wealth Management Inc. grew its stake in Stride by 62.7% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after buying an additional 131 shares during the last quarter. 98.24% of the stock is owned by institutional investors.

Stride Price Performance

Shares of LRN stock opened at $97.80 on Wednesday. Stride, Inc. has a 52-week low of $60.61 and a 52-week high of $171.17. The stock has a market cap of $4.16 billion, a PE ratio of 15.09, a PEG ratio of 0.59 and a beta of 0.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.14 and a current ratio of 6.21. The firm’s 50 day moving average price is $91.34 and its two-hundred day moving average price is $79.97.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $629.69 million. During the same period last year, the firm earned $2.02 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts forecast that Stride, Inc. will post 8.21 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.