Entropy Technologies LP Acquires Shares of 5,178 Stride, Inc. (NYSE:LRN)

Entropy Technologies LP acquired a new stake in Stride, Inc. (NYSE:LRN - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,178 shares of the company's stock, valued at approximately $442,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mendota Financial Group LLC acquired a new stake in Stride in the third quarter valued at $86,000. nVerses Capital LLC bought a new stake in Stride during the second quarter valued at $78,000. EntryPoint Capital LLC bought a new stake in Stride during the first quarter valued at $77,000. GAMMA Investing LLC boosted its position in Stride by 45.3% during the third quarter. GAMMA Investing LLC now owns 2,061 shares of the company's stock valued at $176,000 after acquiring an additional 643 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its position in Stride by 24.2% during the third quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company's stock valued at $184,000 after acquiring an additional 420 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Stock Up 0.7 %

Shares of LRN stock traded up $0.71 on Friday, reaching $100.33. 492,953 shares of the company were exchanged, compared to its average volume of 840,974. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 0.75 and a beta of 0.27. The company has a 50-day moving average of $84.43 and a 200-day moving average of $76.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50. Stride, Inc. has a one year low of $54.81 and a one year high of $103.98.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) 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 company had revenue of $551.08 million for the quarter, compared to analysts' expectations of $504.29 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business's revenue was up 14.8% on a year-over-year basis. Analysts anticipate that Stride, Inc. will post 6.66 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Todd Goldthwaite sold 8,028 shares of the company's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.54, for a total value of $734,883.12. Following the sale, the director now owns 85,058 shares in the company, valued at $7,786,209.32. This represents a 8.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LRN. Canaccord Genuity Group upped their price target on shares of Stride from $94.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. StockNews.com cut shares of Stride from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. BMO Capital Markets upped their price target on shares of Stride from $84.00 to $88.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Canaccord Genuity Group began 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. Finally, Barrington Research upped 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. Three 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 presently has a consensus rating of "Moderate Buy" and an average 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.