Martin Currie Ltd. Sells 4,076 Shares of Stride, Inc. $LRN

Martin Currie Ltd. decreased its holdings in Stride, Inc. (NYSE:LRN) by 71.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,646 shares of the company’s stock after selling 4,076 shares during the period. Martin Currie Ltd.’s holdings in Stride were worth $239,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Nuveen LLC bought a new position in Stride during the 1st quarter valued at about $38,835,000. Fiera Capital Corp bought a new position in Stride during the first quarter valued at approximately $29,526,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Stride by 657.1% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 174,900 shares of the company’s stock worth $25,394,000 after purchasing an additional 151,800 shares during the last quarter. Candriam S.C.A. grew its position in Stride by 214.2% in the 1st quarter. Candriam S.C.A. now owns 189,143 shares of the company’s stock worth $23,927,000 after purchasing an additional 128,947 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in Stride during the 2nd quarter valued at $18,389,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wall Street Zen cut Stride from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Morgan Stanley lifted their price target 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. BMO Capital Markets set a $108.00 price objective on Stride and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Zacks Research downgraded Stride from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Barrington Research reduced their price target on Stride from $185.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $141.75.

Stride Stock Performance

NYSE:LRN opened at $65.88 on Friday. The stock has a 50-day moving average price of $119.31 and a 200 day moving average price of $138.11. The stock has a market capitalization of $2.89 billion, a P/E ratio of 10.17, a P/E/G ratio of 0.40 and a beta of -0.02. Stride, Inc. has a 12-month low of $62.49 and a 12-month high of $171.17. The company has a current ratio of 6.78, a quick ratio of 5.27 and a debt-to-equity ratio of 0.32.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.29. Stride had a return on equity of 26.29% and a net margin of 12.76%.The business had revenue of $620.88 million during the quarter, compared to the consensus estimate of $615.50 million. During the same period in the prior year, the company posted $0.94 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Stride has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts forecast 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.