Landscape Capital Management L.L.C. Buys Shares of 41,919 Stride, Inc. (NYSE:LRN)

Landscape Capital Management L.L.C. purchased a new stake in Stride, Inc. (NYSE:LRN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 41,919 shares of the company’s stock, valued at approximately $3,576,000. Landscape Capital Management L.L.C. owned about 0.10% of Stride as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of LRN. EntryPoint Capital LLC acquired a new stake in Stride in the first quarter valued at about $77,000. nVerses Capital LLC acquired a new stake in shares of Stride in the 2nd quarter valued at approximately $78,000. Mendota Financial Group LLC acquired a new stake in shares of Stride in the 3rd quarter valued at approximately $86,000. Advisors Asset Management Inc. grew its holdings in shares of Stride by 38.0% during the 1st quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company’s stock valued at $173,000 after purchasing an additional 754 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Stride by 45.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock worth $176,000 after purchasing an additional 643 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Insider Transactions at Stride

In other news, Director Todd Goldthwaite sold 8,028 shares of Stride 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 completion of the transaction, the director now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LRN shares. Barrington Research raised their target price on shares of Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price objective on 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 started coverage on Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 target price for the company. BMO Capital Markets lifted 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 boosted their price target on Stride from $94.00 to $100.00 and gave the stock 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.17.

Stride Stock Up 1.1 %

Shares of LRN opened at $102.80 on Thursday. The stock’s 50-day moving average price is $85.87 and its two-hundred day moving average price is $77.59. Stride, Inc. has a 12 month low of $54.81 and a 12 month high of $103.98. The company has a market capitalization of $4.48 billion, a PE ratio of 18.69, a PEG ratio of 0.76 and a beta of 0.27. 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 (NYSE:LRN) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, topping 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 return on equity of 21.23% and a net margin of 11.38%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 earnings per share. On average, analysts anticipate that Stride, Inc. will post 6.66 EPS for the current year.

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.