GSA Capital Partners LLP Makes New Investment in Stride, Inc. (NYSE:LRN)

GSA Capital Partners LLP bought a new stake in Stride, Inc. (NYSE:LRN - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,013 shares of the company's stock, valued at approximately $513,000.

A number of other institutional investors have also modified their holdings of the business. UniSuper Management Pty Ltd acquired a new position in Stride in the 1st quarter valued at $555,000. Blue Trust Inc. grew its stake in shares of Stride by 795.5% during the 2nd quarter. Blue Trust Inc. now owns 11,543 shares of the company's stock worth $814,000 after purchasing an additional 10,254 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Stride in the 2nd quarter worth about $534,000. International Assets Investment Management LLC boosted its position in shares of Stride by 8,431.7% in the 3rd quarter. International Assets Investment Management LLC now owns 5,119 shares of the company's stock worth $437,000 after buying an additional 5,059 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Stride by 24.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,000 shares of the company's stock worth $3,071,000 after buying an additional 7,100 shares in the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of Stride stock in a transaction on Friday, October 25th. The shares were 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 owns 85,058 shares of the company's stock, valued at $7,786,209.32. The trade was a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.00% of the company's stock.

Stride Stock Up 1.1 %

Shares of LRN traded up $1.14 during mid-day trading on Wednesday, reaching $102.80. 553,232 shares of the stock traded hands, compared to its average volume of 837,716. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 0.75 and a beta of 0.27. The stock has a fifty day simple moving average of $85.87 and a 200 day simple moving average of $77.59. Stride, Inc. has a 12-month low of $54.81 and a 12-month high of $103.98. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.72. The company 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%. The business's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. Sell-side analysts expect that Stride, Inc. will post 6.66 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on LRN. 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 target price on the stock. Barrington Research upped their target price on shares of Stride from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. BMO Capital Markets upped their target price on shares of Stride from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Citigroup upped their target price on shares of Stride from $90.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Finally, Canaccord Genuity Group upped their target price on shares of Stride from $94.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.