Wakefield Asset Management LLLP Has $1.01 Million Stock Holdings in Stride, Inc. (NYSE:LRN)

Wakefield Asset Management LLLP reduced its stake in Stride, Inc. (NYSE:LRN) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,309 shares of the company’s stock after selling 225 shares during the period. Wakefield Asset Management LLLP’s holdings in Stride were worth $1,009,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC increased its stake in shares of Stride by 76.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock worth $66,000 after purchasing an additional 483 shares during the period. Motco bought a new position in Stride during the 1st quarter worth $74,000. EntryPoint Capital LLC acquired a new stake in shares of Stride during the first quarter worth $77,000. nVerses Capital LLC acquired a new stake in shares of Stride during the second quarter worth $78,000. Finally, GAMMA Investing LLC boosted its position in shares of Stride by 25.9% in the first quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock valued at $87,000 after acquiring an additional 282 shares during the period. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Stock Down 2.2 %

NYSE LRN opened at $79.49 on Friday. The stock has a market capitalization of $3.44 billion, a PE ratio of 18.67, a PEG ratio of 0.82 and a beta of 0.26. The business has a fifty day moving average price of $75.53 and a two-hundred day moving average price of $68.63. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.10 and a quick ratio of 4.95. Stride, Inc. has a fifty-two week low of $42.95 and a fifty-two week high of $83.97.

Stride (NYSE:LRN) last released its earnings results on Tuesday, August 6th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.15. Stride had a net margin of 10.01% and a return on equity of 19.12%. The firm had revenue of $534.18 million during the quarter, compared to the consensus estimate of $525.89 million. During the same period in the prior year, the firm earned $1.01 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. Equities analysts expect that Stride, Inc. will post 5.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Barrington Research lifted their price objective on shares of Stride from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Citigroup downgraded shares of Stride from a “buy” rating to a “neutral” rating and lifted their price target for the company from $77.00 to $90.00 in a research report on Tuesday, August 20th. Canaccord Genuity Group initiated coverage on Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 price target on the stock. BMO Capital Markets raised their price objective on Stride from $79.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group assumed coverage on Stride in a report on Thursday, August 8th. They set a “buy” rating and a $94.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.83.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.