Landscape Capital Management L.L.C. Takes $3.58 Million Position in Stride, Inc. (NYSE:LRN)

Landscape Capital Management L.L.C. bought a new position in shares of Stride, Inc. (NYSE:LRN) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 41,919 shares of the company’s stock, valued at approximately $3,576,000.

Other large investors have also bought and sold shares of the company. Crossmark Global Holdings Inc. raised its holdings 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 purchasing an additional 121 shares during the period. SummerHaven Investment Management LLC grew its stake in Stride by 1.1% in the second quarter. SummerHaven Investment Management LLC now owns 20,454 shares of the company’s stock valued at $1,442,000 after acquiring an additional 217 shares during the period. Arizona State Retirement System increased its holdings in shares of Stride by 1.9% during the second quarter. Arizona State Retirement System now owns 11,536 shares of the company’s stock valued at $813,000 after acquiring an additional 220 shares in the last quarter. Isthmus Partners LLC increased its holdings 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 acquiring an additional 222 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Stride by 1.9% during the third quarter. Amalgamated Bank now owns 12,528 shares of the company’s stock worth $1,069,000 after purchasing an additional 235 shares during the period. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Trading Up 1.1 %

NYSE:LRN opened at $102.80 on Thursday. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $103.98. The firm has a 50-day moving average price of $85.87 and a two-hundred day moving average price of $77.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. The firm has a market cap 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 posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.72. The business had revenue of $551.08 million for the quarter, compared to analysts’ expectations 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 firm earned $0.11 earnings per share. On average, equities analysts expect that Stride, Inc. will post 6.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Todd Goldthwaite sold 8,028 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.54, for a total transaction of $734,883.12. Following the completion of the sale, the director now owns 85,058 shares in the company, valued at $7,786,209.32. This trade represents a 8.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on LRN. BMO Capital Markets boosted their price target on shares of Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barrington Research raised 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. Canaccord Genuity Group boosted their price objective on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group assumed coverage on Stride in a research note on Thursday, August 8th. They issued a “buy” rating and a $94.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.17.

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.