Trexquant Investment LP Invests $256,000 in Stride, Inc. (NYSE:LRN)

Trexquant Investment LP purchased a new position in Stride, Inc. (NYSE:LRN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,961 shares of the company’s stock, valued at approximately $256,000.

Several other large investors also recently bought and sold shares of LRN. First Trust Advisors LP boosted its position in shares of Stride by 0.9% in the 1st quarter. First Trust Advisors LP now owns 68,385 shares of the company’s stock worth $2,334,000 after purchasing an additional 578 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in Stride by 107.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 24,884 shares of the company’s stock worth $849,000 after acquiring an additional 12,884 shares in the last quarter. BlackRock Inc. lifted its holdings in Stride by 6.0% during the first quarter. BlackRock Inc. now owns 3,182,741 shares of the company’s stock worth $95,833,000 after acquiring an additional 181,047 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Stride by 14.8% during the first quarter. New York State Common Retirement Fund now owns 137,590 shares of the company’s stock worth $4,143,000 after acquiring an additional 17,780 shares in the last quarter. Finally, Brinker Capital Investments LLC bought a new position in Stride during the first quarter worth about $249,000. Institutional investors and hedge funds own 87.42% of the company’s stock.

LRN opened at $33.78 on Thursday. The business’s 50-day moving average price is $34.28 and its two-hundred day moving average price is $31.56. Stride, Inc. has a 1 year low of $20.39 and a 1 year high of $37.60. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 0.83 and a beta of 0.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.80 and a quick ratio of 2.67.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.10. Stride had a return on equity of 9.33% and a net margin of 4.65%. The firm had revenue of $397.50 million for the quarter, compared to the consensus estimate of $388.79 million. During the same quarter last year, the business posted $0.12 EPS. The company’s revenue for the quarter was up 47.8% on a year-over-year basis. Sell-side analysts anticipate that Stride, Inc. will post 2.02 earnings per share for the current fiscal year.

Several research analysts have weighed in on LRN shares. Citigroup started coverage on Stride in a report on Tuesday, September 14th. They set a “buy” rating and a $65.00 target price on the stock. Zacks Investment Research lowered Stride from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.50.

About Stride

Stride, Inc is a technology-based educational company, which offers proprietary and third party curriculum, software systems and educational services. It also offers online curriculum and career services to middle and high school students, under the Destinations Career Academy brand name. The company was founded by Ronald J.

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Institutional Ownership by Quarter for Stride (NYSE:LRN)

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