Top 5 Stock Picks of Invenomic Capital Management

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1. Stride, Inc. (NYSE:LRN)

ICM’s Stake Value: $8.96 million

Percentage of ICM’s 13F Portfolio: 2.15%

Number of Hedge Fund Holders: 21

Stride, Inc. (NYSE: LRN) is an education company headquartered in Herndon, Virginia. It is focused on providing services related to career learning, digital learning and personalized education. Invenomic Capital Management holds 0.27 million shares in the company after increasing their stake by 50% in the Q2 of 2021. 

Stride, Inc. (NYSE: LRN) posted a revenue of $397 million in the Q2 of 2021 with EPS  at $0.25 beating the analyst estimates by $0.09. On September 14, Citi analyst Thomas Singlehurst initiated the coverage of Stride, Inc. (NYSE: LRN) with a ‘Buy’ rating and a price target of $65.

You can also take a peek at the 30 Most Popular Stocks Among Hedge Funds: 2021 Q2 Rankings and Jim Simons’ Quant Hedge Fund is Buying These 10 Stocks.

 

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