HighTower Advisors LLC Sells 21,261 Shares of Stride, Inc. $LRN

HighTower Advisors LLC decreased its holdings in Stride, Inc. (NYSE:LRN) by 36.7% in the fourth quarter, Holdings Channel reports. The firm owned 36,718 shares of the company’s stock after selling 21,261 shares during the quarter. HighTower Advisors LLC’s holdings in Stride were worth $2,384,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LRN. SG Americas Securities LLC grew its holdings in shares of Stride by 325.0% in the fourth quarter. SG Americas Securities LLC now owns 556,452 shares of the company’s stock worth $36,130,000 after acquiring an additional 425,524 shares during the period. William Blair Investment Management LLC grew its holdings in shares of Stride by 37.2% in the third quarter. William Blair Investment Management LLC now owns 1,511,080 shares of the company’s stock worth $225,060,000 after acquiring an additional 410,029 shares during the period. Divisadero Street Capital Management LP bought a new stake in shares of Stride in the third quarter worth $55,852,000. Vanguard Group Inc. grew its holdings in shares of Stride by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 4,883,571 shares of the company’s stock worth $317,090,000 after acquiring an additional 340,838 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of Stride by 553.4% in the third quarter. Alliancebernstein L.P. now owns 342,894 shares of the company’s stock worth $51,071,000 after acquiring an additional 290,415 shares during the period. Institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

NYSE:LRN opened at $92.27 on Monday. The stock has a 50-day simple moving average of $91.16 and a two-hundred day simple moving average of $79.76. Stride, Inc. has a 52-week low of $60.61 and a 52-week high of $171.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.14 and a current ratio of 6.21. The firm has a market capitalization of $3.92 billion, a PE ratio of 14.24, a P/E/G ratio of 0.56 and a beta of 0.10.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.09. Stride had a return on equity of 25.20% and a net margin of 12.15%.The business had revenue of $629.87 million during the quarter, compared to analyst estimates of $629.69 million. During the same quarter in the previous year, the company posted $2.02 earnings per share. Stride’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts forecast that Stride, Inc. will post 8.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LRN. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a report on Tuesday, March 3rd. Barrington Research reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Stride in a report on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $109.75.

Stride Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.