Seizert Capital Partners LLC Buys Shares of 14,288 Stride, Inc. $LRN

Seizert Capital Partners LLC purchased a new position in shares of Stride, Inc. (NYSE:LRN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,288 shares of the company’s stock, valued at approximately $2,128,000.

A number of other large investors have also made changes to their positions in LRN. Invesco Ltd. lifted its holdings in Stride by 10.3% during the second quarter. Invesco Ltd. now owns 1,782,020 shares of the company’s stock worth $258,731,000 after acquiring an additional 165,775 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Stride by 88.6% during the second quarter. Squarepoint Ops LLC now owns 1,086,879 shares of the company’s stock worth $157,804,000 after purchasing an additional 510,641 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Stride by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,045,904 shares of the company’s stock valued at $151,873,000 after purchasing an additional 24,889 shares in the last quarter. Norges Bank acquired a new position in shares of Stride in the 2nd quarter valued at approximately $92,858,000. Finally, Franklin Resources Inc. increased its stake in Stride by 75.2% during the 2nd quarter. Franklin Resources Inc. now owns 426,153 shares of the company’s stock worth $61,873,000 after purchasing an additional 182,920 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on LRN shares. Barrington Research dropped their price objective on shares of Stride from $185.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stride in a research report on Monday, December 29th. BMO Capital Markets set a $108.00 target price on Stride and gave the company a “market perform” rating in a research report on Wednesday, October 29th. Canaccord Genuity Group raised their price target on shares of Stride from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Morgan Stanley cut their price objective on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Stride has a consensus rating of “Hold” and a consensus target price of $125.75.

Stride Trading Up 0.5%

NYSE LRN opened at $70.07 on Tuesday. Stride, Inc. has a 12 month low of $60.61 and a 12 month high of $171.17. The company has a current ratio of 6.78, a quick ratio of 6.69 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $65.43 and a 200-day moving average of $113.37. The company has a market cap of $3.07 billion, a PE ratio of 10.80, a PEG ratio of 0.42 and a beta of 0.06.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, October 28th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.29. The company had revenue of $620.88 million for the quarter, compared to analysts’ expectations of $615.50 million. Stride had a net margin of 12.76% and a return on equity of 26.29%. Stride’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. On average, equities research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

About Stride

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.