Victory Capital Management Inc. Sells 160,869 Shares of Stride, Inc. (NYSE:LRN)

Victory Capital Management Inc. decreased its holdings in Stride, Inc. (NYSE:LRN) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 666,636 shares of the company’s stock after selling 160,869 shares during the period. Victory Capital Management Inc.’s holdings in Stride were worth $69,283,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Westover Capital Advisors LLC lifted its stake in Stride by 33.4% in the fourth quarter. Westover Capital Advisors LLC now owns 7,705 shares of the company’s stock worth $801,000 after purchasing an additional 1,930 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Stride by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 520,363 shares of the company’s stock worth $54,081,000 after purchasing an additional 1,542 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Stride in the fourth quarter worth about $165,000. Smartleaf Asset Management LLC lifted its stake in Stride by 372.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after purchasing an additional 592 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in Stride by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock worth $675,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on LRN shares. BMO Capital Markets raised their price objective on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Canaccord Genuity Group raised their price objective on shares of Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barrington Research raised their price objective on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley raised their target price on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Stride presently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

Stride Stock Performance

Shares of NYSE:LRN opened at $133.24 on Friday. The firm has a market cap of $5.80 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32. The firm’s 50 day simple moving average is $124.94 and its 200-day simple moving average is $102.57. Stride, Inc. has a one year low of $56.17 and a one year high of $145.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, equities analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

About Stride

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.