Crossmark Global Holdings Inc. Raises Holdings in Stride, Inc. (NYSE:LRN)

Crossmark Global Holdings Inc. boosted its position in Stride, Inc. (NYSE:LRN) by 3.9% in the 3rd quarter, Holdings Channel reports. The firm owned 3,213 shares of the company’s stock after acquiring an additional 121 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Stride were worth $274,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB purchased a new stake in shares of Stride during the first quarter worth $60,385,000. Vaughan Nelson Investment Management L.P. acquired a new position in Stride during the second quarter worth about $43,387,000. Congress Asset Management Co. acquired a new position in Stride during the third quarter worth about $45,616,000. Victory Capital Management Inc. grew its stake in Stride by 1,443.6% during the 2nd quarter. Victory Capital Management Inc. now owns 479,941 shares of the company’s stock valued at $33,836,000 after acquiring an additional 448,849 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Stride by 641.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 508,444 shares of the company’s stock valued at $32,058,000 after acquiring an additional 439,911 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Price Performance

NYSE:LRN opened at $100.33 on Monday. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $103.98. The stock’s fifty day moving average is $84.43 and its two-hundred day moving average is $76.95. The company has a market capitalization of $4.37 billion, a P/E ratio of 18.24, a P/E/G ratio of 0.75 and a beta of 0.27. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 11.38% and a return on equity of 21.23%. Stride’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. Equities analysts expect that Stride, Inc. will post 6.66 EPS for the current year.

Insiders Place Their Bets

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of Stride 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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LRN has been the topic of several recent research reports. BMO Capital Markets boosted their target price on Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Citigroup boosted their price objective on Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Barrington Research boosted their price target on shares of Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group began coverage on shares of Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.17.

Stride 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.