Vaughan Nelson Investment Management L.P. Has $79.33 Million Holdings in Stride, Inc. (NYSE:LRN)

Vaughan Nelson Investment Management L.P. grew its stake in Stride, Inc. (NYSE:LRN - Free Report) by 51.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 929,855 shares of the company's stock after acquiring an additional 314,435 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 2.13% of Stride worth $79,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Crossmark Global Holdings Inc. boosted its position in Stride by 3.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company's stock worth $274,000 after acquiring an additional 121 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Stride by 1.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 20,454 shares of the company's stock worth $1,442,000 after purchasing an additional 217 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Stride by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 11,536 shares of the company's stock worth $813,000 after purchasing an additional 220 shares in the last quarter. Isthmus Partners LLC raised its stake in shares of Stride by 4.8% during the 2nd quarter. Isthmus Partners LLC now owns 4,814 shares of the company's stock worth $339,000 after purchasing an additional 222 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Stride by 1.9% during the 3rd quarter. Amalgamated Bank now owns 12,528 shares of the company's stock worth $1,069,000 after purchasing an additional 235 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LRN shares. Canaccord Genuity Group upped their price objective on Stride from $94.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Citigroup upped their price objective on Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. StockNews.com cut Stride from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. BMO Capital Markets increased their price target on Stride from $84.00 to $88.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Canaccord Genuity Group started coverage on Stride in a research note on Thursday, August 8th. They issued a "buy" rating and a $94.00 price target on the stock. Three research 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 stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.17.

Stride Stock Performance

LRN stock traded up $0.71 during trading hours on Friday, hitting $100.33. 492,953 shares of the stock were exchanged, compared to its average volume of 1,672,542. 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 firm has a market capitalization of $4.37 billion, a P/E ratio of 18.24, a P/E/G ratio of 0.75 and a beta of 0.27. The company has a 50-day simple moving average of $84.43 and a two-hundred day simple moving average of $76.88. Stride, Inc. has a 12 month low of $54.81 and a 12 month high of $103.98.

Stride (NYSE:LRN - Get Free Report) 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 firm 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 company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS. On average, analysts forecast that Stride, Inc. will post 6.66 earnings per share for the current fiscal year.

Insider Transactions at Stride

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

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.