Aurora Investment Counsel Takes Position in Stride, Inc. (NYSE:LRN)

Aurora Investment Counsel bought a new stake in Stride, Inc. (NYSE:LRN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,665 shares of the company’s stock, valued at approximately $2,019,000.

Other large investors have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. grew its stake in shares of Stride by 3.9% during the third quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock valued at $274,000 after buying an additional 121 shares during the last quarter. SummerHaven Investment Management LLC grew its position in shares of Stride by 1.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 20,454 shares of the company’s stock worth $1,442,000 after buying an additional 217 shares during the last quarter. Arizona State Retirement System grew its position in shares of Stride by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 11,536 shares of the company’s stock worth $813,000 after buying an additional 220 shares during the last quarter. Isthmus Partners LLC increased its stake in shares of Stride by 4.8% during the second quarter. Isthmus Partners LLC now owns 4,814 shares of the company’s stock valued at $339,000 after buying an additional 222 shares during the period. Finally, Amalgamated Bank raised its holdings in shares of Stride by 1.9% during the third quarter. Amalgamated Bank now owns 12,528 shares of the company’s stock valued at $1,069,000 after acquiring an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Trading Up 1.1 %

Stride stock opened at $102.80 on Thursday. Stride, Inc. has a 12 month low of $54.81 and a 12 month high of $103.98. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38. The business’s fifty day simple moving average is $85.87 and its two-hundred day simple moving average is $77.59. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 0.76 and a beta of 0.27.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.22 by $0.72. The company had revenue of $551.08 million for the quarter, compared to the consensus estimate of $504.29 million. Stride had a net margin of 11.38% and a return on equity of 21.23%. Stride’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. As a group, equities analysts predict that Stride, Inc. will post 6.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup upped their price objective on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Canaccord Genuity Group initiated coverage on shares of 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 increased their price target on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Canaccord Genuity Group upped their target price on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, StockNews.com cut Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Stride has a consensus rating of “Moderate Buy” and a consensus price target of $90.17.

Insider Activity at Stride

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of Stride stock in a transaction on 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 sale, the director now owns 85,058 shares of the company’s stock, valued at approximately $7,786,209.32. This trade represents a 8.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is owned by insiders.

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.