Jackson Creek Investment Advisors LLC Reduces Position in Stride, Inc. (NYSE:LRN)

Jackson Creek Investment Advisors LLC reduced its position in shares of Stride, Inc. (NYSE:LRN) by 32.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,908 shares of the company’s stock after selling 7,514 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Stride were worth $944,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LRN. McGlone Suttner Wealth Management Inc. purchased a new stake in Stride during the 4th quarter worth about $29,000. McIlrath & Eck LLC acquired a new stake in shares of Stride during the 3rd quarter worth about $31,000. Strs Ohio purchased a new stake in Stride during the fourth quarter worth approximately $47,000. GAMMA Investing LLC acquired a new position in Stride in the fourth quarter valued at approximately $65,000. Finally, Nisa Investment Advisors LLC raised its holdings in Stride by 156.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,310 shares of the company’s stock worth $78,000 after purchasing an additional 800 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Stock Performance

Shares of NYSE:LRN traded down $1.22 on Tuesday, reaching $66.75. The company’s stock had a trading volume of 631,380 shares, compared to its average volume of 780,330. Stride, Inc. has a 52-week low of $35.61 and a 52-week high of $69.70. The stock has a market capitalization of $2.89 billion, a P/E ratio of 15.96, a PEG ratio of 0.74 and a beta of 0.26. The stock’s 50-day moving average is $60.87 and its two-hundred day moving average is $58.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.21.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.47 by $0.13. Stride had a return on equity of 18.29% and a net margin of 9.29%. The firm had revenue of $520.84 million during the quarter, compared to the consensus estimate of $507.89 million. During the same period in the prior year, the business earned $1.30 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Stride, Inc. will post 4.55 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barrington Research restated an “outperform” rating and issued a $75.00 target price on shares of Stride in a report on Wednesday, April 24th. StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Wedbush reissued an “outperform” rating on shares of Stride in a report on Wednesday, January 24th. Morgan Stanley raised their price target on Stride from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Citigroup lifted their price target on Stride from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Stride presently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

About Stride

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.