Stride, Inc. (NYSE:LRN) Stake Lowered by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. trimmed its position in shares of Stride, Inc. (NYSE:LRN) by 38.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,934 shares of the company’s stock after selling 1,814 shares during the period. Koshinski Asset Management Inc.’s holdings in Stride were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LRN. Janus Henderson Group PLC raised its stake in shares of Stride by 1.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company’s stock worth $99,851,000 after purchasing an additional 13,050 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Stride by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock valued at $82,315,000 after acquiring an additional 35,349 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Stride by 51.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock valued at $79,326,000 after acquiring an additional 314,435 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Stride by 72.4% in the 3rd quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock worth $70,594,000 after purchasing an additional 347,564 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in Stride by 0.7% during the third quarter. Rockefeller Capital Management L.P. now owns 753,728 shares of the company’s stock worth $64,286,000 after purchasing an additional 5,278 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Price Performance

Shares of LRN stock opened at $119.38 on Friday. The company has a market capitalization of $5.20 billion, a P/E ratio of 21.71, a P/E/G ratio of 0.88 and a beta of 0.32. 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, Inc. has a 12 month low of $54.81 and a 12 month high of $120.60. The stock has a 50 day moving average of $107.72 and a two-hundred day moving average of $89.86.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.72. Stride had a net margin of 11.38% and a return on equity of 21.23%. The firm had revenue of $551.08 million for the quarter, compared to the consensus estimate of $504.29 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts expect that Stride, Inc. will post 6.64 EPS for the current year.

Wall Street Analysts Forecast Growth

LRN has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. StockNews.com downgraded Stride from a “buy” rating to a “hold” 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. Canaccord Genuity Group raised their target price on Stride from $94.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Barrington Research upped their price target on Stride from $100.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Stride currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.50.

Stride Company Profile

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.