Thrivent Financial for Lutherans Has $2.85 Million Position in Stride, Inc. (NYSE:LRN)

Thrivent Financial for Lutherans increased its holdings in Stride, Inc. (NYSE:LRN) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,412 shares of the company’s stock after purchasing an additional 251 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Stride were worth $2,850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LRN. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Stride by 51.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock valued at $79,326,000 after purchasing an additional 314,435 shares during the period. Natixis Advisors LLC grew its position in shares of Stride by 47.4% during the 3rd quarter. Natixis Advisors LLC now owns 181,910 shares of the company’s stock worth $15,518,000 after buying an additional 58,487 shares during the period. Victory Capital Management Inc. increased its stake in shares of Stride by 72.4% in the 3rd quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock valued at $70,594,000 after acquiring an additional 347,564 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Stride during the 3rd quarter valued at $513,000. Finally, Entropy Technologies LP bought a new position in Stride during the third quarter worth $442,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Barrington Research boosted their target price on Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group increased 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. Citigroup boosted their price objective on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, BMO Capital Markets increased their target price on Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.17.

Insider Activity

In other news, Director Todd Goldthwaite sold 8,028 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the transaction, the director now owns 85,058 shares in the company, valued at $7,786,209.32. The trade was a 8.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Stride Stock Performance

Shares of Stride stock opened at $108.44 on Wednesday. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $108.48. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of $87.21 and a 200-day moving average price of $78.32. The company has a market cap of $4.73 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 0.78 and a beta of 0.27.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. Stride had a return on equity of 21.23% and a net margin of 11.38%. The business had revenue of $551.08 million during the quarter, compared to analyst estimates of $504.29 million. During the same period in the prior year, the firm posted $0.11 EPS. Stride’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities analysts anticipate that Stride, Inc. will post 6.66 earnings per share for the current fiscal year.

Stride 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.