Retirement Guys Formula LLC Reduces Stock Holdings in Stride, Inc. (NYSE:LRN)

Retirement Guys Formula LLC reduced its holdings in Stride, Inc. (NYSE:LRN) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,260 shares of the company’s stock after selling 115 shares during the period. Retirement Guys Formula LLC’s holdings in Stride were worth $235,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Louisiana State Employees Retirement System boosted its holdings in Stride by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock worth $2,151,000 after buying an additional 100 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Stride by 3.6% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company’s stock worth $336,000 after acquiring an additional 113 shares during the period. Crossmark Global Holdings Inc. raised its position in Stride by 3.9% during the third quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock worth $274,000 after acquiring an additional 121 shares during the period. Dakota Wealth Management raised its position in Stride by 4.1% during the fourth quarter. Dakota Wealth Management now owns 3,070 shares of the company’s stock worth $319,000 after acquiring an additional 121 shares during the period. Finally, Blue Trust Inc. raised its position in Stride by 1.2% during the fourth quarter. Blue Trust Inc. now owns 11,672 shares of the company’s stock worth $1,213,000 after acquiring an additional 141 shares during the period. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Trading Down 1.2 %

Shares of LRN stock opened at $139.01 on Wednesday. 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 firm has a market cap of $6.05 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32. The company has a 50-day moving average of $115.00 and a two-hundred day moving average of $95.94. Stride, Inc. has a 1-year low of $54.81 and a 1-year 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, beating 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, analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

Analysts Set New Price Targets

LRN has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective 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. StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Morgan Stanley upped their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Citigroup increased their target price on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Canaccord Genuity Group raised their price objective on shares of Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

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.