Aurora Investment Counsel Acquires Shares of 23,665 Stride, Inc. (NYSE:LRN)

Aurora Investment Counsel bought a new position in Stride, Inc. (NYSE:LRN) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 23,665 shares of the company’s stock, valued at approximately $2,019,000. Aurora Investment Counsel owned about 0.05% of Stride at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mendota Financial Group LLC purchased a new position in shares of Stride during the third quarter valued at approximately $86,000. nVerses Capital LLC bought a new stake in shares of Stride in the 2nd quarter worth $78,000. EntryPoint Capital LLC bought a new stake in shares of Stride in the 1st quarter worth $77,000. GAMMA Investing LLC raised its holdings in shares of Stride by 45.3% in the third quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock valued at $176,000 after purchasing an additional 643 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its position in shares of 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 purchasing an additional 420 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analysts Set New Price Targets

LRN has been the topic of several recent analyst reports. Barrington Research lifted their target price on shares of Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded 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 shares of Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup raised their price objective on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Canaccord Genuity Group initiated coverage on shares of Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Stride has an average rating of “Moderate Buy” and an average target price of $90.17.

Stride Stock Up 1.1 %

Stride stock opened at $102.80 on Thursday. The firm has a 50 day simple moving average of $85.87 and a 200 day simple moving average of $77.59. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38. Stride, Inc. has a 1-year low of $54.81 and a 1-year high of $103.98. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 0.76 and a beta of 0.27.

Stride (NYSE:LRN) last released 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. Stride had a return on equity of 21.23% and a net margin of 11.38%. The company had revenue of $551.08 million for the quarter, compared to analyst estimates of $504.29 million. During the same period in the previous year, the company posted $0.11 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, analysts predict that Stride, Inc. will post 6.66 earnings per share for the current year.

Insider Transactions at Stride

In other news, Director Todd Goldthwaite sold 8,028 shares of the company’s 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 transaction, the director now owns 85,058 shares of the company’s stock, valued at approximately $7,786,209.32. This represents a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

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.