MGO One Seven LLC Takes $570,000 Position in Stride, Inc. $LRN

MGO One Seven LLC acquired a new stake in shares of Stride, Inc. (NYSE:LRNFree Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 3,926 shares of the company’s stock, valued at approximately $570,000.

Other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in shares of Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock valued at $26,000 after buying an additional 160 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Stride by 140.5% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock valued at $34,000 after buying an additional 156 shares during the period. Harbour Investments Inc. raised its holdings in Stride by 374.6% in the first quarter. Harbour Investments Inc. now owns 337 shares of the company’s stock valued at $43,000 after buying an additional 266 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Stride in the first quarter valued at approximately $43,000. Finally, Geneos Wealth Management Inc. raised its holdings in Stride by 62.7% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after buying an additional 131 shares during the period. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Stock Up 3.1%

Shares of NYSE:LRN opened at $145.00 on Friday. The company has a current ratio of 5.39, a quick ratio of 5.27 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $153.11 and a 200 day simple moving average of $145.41. The firm has a market cap of $6.33 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 0.80 and a beta of 0.07. Stride, Inc. has a 12-month low of $63.36 and a 12-month high of $171.17.

Stride (NYSE:LRNGet Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.46. The business had revenue of $653.65 million during the quarter, compared to analyst estimates of $626.23 million. Stride had a net margin of 11.97% and a return on equity of 25.51%. The business’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 earnings per share. On average, equities research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LRN has been the topic of several research reports. Barrington Research restated an “outperform” rating and issued a $185.00 price target on shares of Stride in a report on Tuesday, September 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Stride in a report on Wednesday, October 8th. Morgan Stanley raised their price target on shares of Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.40.

Read Our Latest Research Report on LRN

Insider Activity

In related news, CEO James Jeaho Rhyu sold 13,961 shares of Stride stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total value of $2,270,896.26. Following the completion of the sale, the chief executive officer owned 706,353 shares in the company, valued at approximately $114,895,378.98. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

Stride Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stride, Inc. (NYSE:LRNFree Report).

Institutional Ownership by Quarter for Stride (NYSE:LRN)

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