Northwest & Ethical Investments L.P. Cuts Stake in Stride, Inc. (NYSE:LRN)

Northwest & Ethical Investments L.P. lessened its stake in Stride, Inc. (NYSE:LRN) by 77.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400 shares of the company’s stock after selling 1,400 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Stride were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Atria Investments Inc bought a new position in shares of Stride during the third quarter valued at $274,000. Thrivent Financial for Lutherans grew its position in Stride by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 33,412 shares of the company’s stock worth $2,850,000 after purchasing an additional 251 shares during the period. Intech Investment Management LLC bought a new stake in Stride in the 3rd quarter worth approximately $1,067,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Stride by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,821 shares of the company’s stock valued at $44,261,000 after buying an additional 16,114 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Stride in the 3rd quarter worth $21,044,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Stock Down 0.7 %

Shares of LRN stock opened at $121.97 on Friday. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 1.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The company’s fifty day moving average price is $128.61 and its 200-day moving average price is $105.98. Stride, Inc. has a one year low of $56.17 and a one year high of $145.00.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. Sell-side analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on LRN shares. Canaccord Genuity Group increased their target price on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Morgan Stanley boosted their target price on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. BMO Capital Markets increased their price target on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Barrington Research reissued an “outperform” rating and set a $140.00 price objective on shares of Stride in a research report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.33.

Stride Company 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.