Vaughan Nelson Investment Management L.P. Invests $43.39 Million in Stride, Inc. (NYSE:LRN)

Vaughan Nelson Investment Management L.P. purchased a new stake in Stride, Inc. (NYSE:LRN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 615,420 shares of the company’s stock, valued at approximately $43,387,000.

Several other large investors have also recently made changes to their positions in LRN. Strs Ohio purchased a new position in Stride in the fourth quarter valued at $47,000. GAMMA Investing LLC acquired a new stake in shares of Stride in the fourth quarter valued at about $65,000. Quadrant Capital Group LLC lifted its stake in Stride by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock worth $66,000 after purchasing an additional 483 shares in the last quarter. Motco acquired a new position in Stride during the first quarter worth $74,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Stride in the first quarter valued at about $77,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com upgraded Stride from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Canaccord Genuity Group assumed coverage on Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 target price for the company. Barrington Research lifted their price target on shares of Stride from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Canaccord Genuity Group began coverage on shares of Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price objective on the stock. Finally, BMO Capital Markets increased their target price on Stride from $79.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Stride currently has a consensus rating of “Moderate Buy” and an average target price of $83.33.

Stride Stock Performance

Shares of LRN traded up $0.51 during midday trading on Friday, reaching $82.53. 1,024,836 shares of the stock were exchanged, compared to its average volume of 718,084. Stride, Inc. has a twelve month low of $40.06 and a twelve month high of $83.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.21. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 0.74 and a beta of 0.28. The business’s 50-day moving average price is $71.81 and its 200 day moving average price is $66.48.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.15. The company had revenue of $534.18 million during the quarter, compared to analysts’ expectations of $525.89 million. Stride had a return on equity of 18.29% and a net margin of 9.29%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share. On average, sell-side analysts expect that Stride, Inc. will post 4.55 EPS for the current fiscal year.

Stride Company Profile

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.