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 trimmed its position in Stride, Inc. (NYSE:LRN) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 owned about 0.24% of Stride worth $8,617,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new position in shares of Stride during the second quarter valued at approximately $452,000. Empowered Funds LLC purchased a new stake in shares of Stride during the second quarter worth approximately $2,385,000. Caitlin John LLC purchased a new stake in shares of Stride during the second quarter worth approximately $49,000. Public Employees Retirement System of Ohio acquired a new position in Stride in the 2nd quarter valued at $46,000. Finally, Bank of America Corp DE acquired a new position in Stride in the 2nd quarter valued at $49,350,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Stride Price Performance

Shares of LRN stock opened at $84.86 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.94 and a quick ratio of 5.81. The company has a market capitalization of $3.53 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 0.49 and a beta of 0.11. The firm’s 50-day moving average is $85.87 and its two-hundred day moving average is $88.36. Stride, Inc. has a 12 month low of $60.61 and a 12 month high of $166.93.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.48. The business had revenue of $636.06 million during the quarter, compared to analysts’ expectations of $626.52 million. Stride had a net margin of 13.43% and a return on equity of 23.49%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 EPS. Analysts predict that Stride, Inc. will post 8.62 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. William Blair cut shares of Stride from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a research report on Monday, August 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.