Isthmus Partners LLC Has $459,000 Stock Holdings in Stride, Inc. (NYSE:LRN)

Isthmus Partners LLC raised its stake in Stride, Inc. (NYSE:LRN) by 11.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,384 shares of the company’s stock after acquiring an additional 570 shares during the period. Isthmus Partners LLC’s holdings in Stride were worth $459,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board increased its stake in shares of Stride by 2.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 90,260 shares of the company’s stock valued at $7,700,000 after purchasing an additional 2,400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Stride by 4.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,421 shares of the company’s stock valued at $1,145,000 after purchasing an additional 625 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Stride by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 25,990 shares of the company’s stock valued at $2,217,000 after purchasing an additional 910 shares during the last quarter. Cynosure Group LLC bought a new position in shares of Stride in the 3rd quarter valued at $373,000. Finally, Townsquare Capital LLC increased its stake in shares of Stride by 798.2% in the 3rd quarter. Townsquare Capital LLC now owns 27,044 shares of the company’s stock valued at $2,307,000 after purchasing an additional 24,033 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Todd Goldthwaite sold 8,028 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the transaction, the director now directly owns 85,058 shares of the company’s stock, valued at $7,786,209.32. The trade was a 8.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by company insiders.

Stride Trading Down 0.2 %

NYSE LRN opened at $106.87 on Friday. The business’s 50-day moving average price is $88.69 and its two-hundred day moving average price is $78.97. Stride, Inc. has a 12 month low of $54.81 and a 12 month high of $108.48. The firm has a market capitalization of $4.66 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 0.80 and a beta of 0.27. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. The firm had revenue of $551.08 million for the quarter, compared to analyst estimates of $504.29 million. Stride had a return on equity of 21.23% and a net margin of 11.38%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. On average, analysts expect that Stride, Inc. will post 6.66 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LRN shares. StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group boosted their price objective on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barrington Research boosted their price objective on Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Citigroup boosted their price objective on Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Stride currently has an average rating of “Moderate Buy” and an average target price of $90.17.

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.