Quest Partners LLC Boosts Stock Holdings in Stride, Inc. (NYSE:LRN)

Quest Partners LLC increased its stake in Stride, Inc. (NYSE:LRN - Free Report) by 20,248.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,343 shares of the company's stock after purchasing an additional 8,302 shares during the quarter. Quest Partners LLC's holdings in Stride were worth $712,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LRN. Swedbank AB bought a new stake in Stride during the 1st quarter valued at $60,385,000. Vaughan Nelson Investment Management L.P. bought a new stake in Stride during the 2nd quarter valued at $43,387,000. Congress Asset Management Co. bought a new position in shares of Stride in the third quarter worth $45,616,000. Victory Capital Management Inc. increased its holdings in shares of Stride by 1,443.6% in the second quarter. Victory Capital Management Inc. now owns 479,941 shares of the company's stock worth $33,836,000 after purchasing an additional 448,849 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Stride by 641.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 508,444 shares of the company's stock worth $32,058,000 after purchasing an additional 439,911 shares during the period. Institutional investors own 98.24% of the company's stock.

Insider Buying and Selling at Stride

In other Stride 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.00% of the company's stock.

Stride Trading Up 0.5 %

LRN stock traded up $0.52 during trading on Friday, reaching $103.93. The company had a trading volume of 622,595 shares, compared to its average volume of 835,842. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $104.68. The company has a market cap of $4.53 billion, a P/E ratio of 18.80, a PEG ratio of 0.76 and a beta of 0.27. The business has a 50 day moving average of $86.32 and a 200 day moving average of $77.77. 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 (NYSE:LRN - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $504.29 million. During the same period in the prior year, the firm earned $0.11 earnings per share. Stride's revenue was up 14.8% on a year-over-year basis. As a group, sell-side analysts forecast that Stride, Inc. will post 6.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LRN. Canaccord Genuity Group upped their price target on shares of Stride from $94.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Citigroup upped their target price on shares of Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Canaccord Genuity Group initiated coverage on shares of Stride in a research report on Thursday, August 8th. They issued a "buy" rating and a $94.00 target price for the company. BMO Capital Markets upped their target price on shares of Stride from $84.00 to $88.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, StockNews.com lowered shares of Stride from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Stride presently has a consensus rating of "Moderate Buy" and an average price target of $90.17.

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.