Blair William & Co. IL Reduces Holdings in Stride, Inc. (NYSE:LRN)

Blair William & Co. IL reduced its stake in Stride, Inc. (NYSE:LRN) by 20.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,935 shares of the company’s stock after selling 14,681 shares during the period. Blair William & Co. IL owned about 0.13% of Stride worth $6,021,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Loomis Sayles & Co. L P increased its stake in shares of Stride by 24.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 307,867 shares of the company’s stock worth $31,997,000 after buying an additional 61,190 shares during the period. Montanaro Asset Management Ltd grew its holdings in Stride by 18.4% in the 4th quarter. Montanaro Asset Management Ltd now owns 183,500 shares of the company’s stock worth $19,071,000 after acquiring an additional 28,500 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Stride by 60.7% in the fourth quarter. Prudential Financial Inc. now owns 70,772 shares of the company’s stock valued at $7,355,000 after acquiring an additional 26,743 shares during the period. Congress Wealth Management LLC DE raised its stake in shares of Stride by 12.5% during the fourth quarter. Congress Wealth Management LLC DE now owns 85,198 shares of the company’s stock valued at $8,855,000 after acquiring an additional 9,433 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Stride by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company’s stock worth $485,706,000 after purchasing an additional 69,888 shares during the period. Institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

Shares of LRN stock opened at $126.16 on Monday. The company’s fifty day moving average price is $130.15 and its 200-day moving average price is $107.84. The stock has a market cap of $5.49 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. Stride, Inc. has a 12 month low of $56.17 and a 12 month high of $145.00.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping 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%. On average, equities analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.