Bright Futures Wealth Management LLC. Has $839,000 Stock Holdings in Stride, Inc. (NYSE:LRN)

Bright Futures Wealth Management LLC. lessened its stake in Stride, Inc. (NYSE:LRN) by 45.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,073 shares of the company’s stock after selling 6,617 shares during the quarter. Bright Futures Wealth Management LLC.’s holdings in Stride were worth $839,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LRN. Asset Management One Co. Ltd. acquired a new position in Stride in the 4th quarter worth $5,696,000. Allspring Global Investments Holdings LLC boosted its stake in Stride by 61.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company’s stock worth $20,250,000 after purchasing an additional 72,518 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of 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 during the period. WCM Investment Management LLC acquired a new position in shares of Stride during the fourth quarter worth about $20,850,000. Finally, Entropy Technologies LP boosted its position in shares of Stride by 47.2% during the fourth quarter. Entropy Technologies LP now owns 7,623 shares of the company’s stock worth $792,000 after buying an additional 2,445 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Trading Down 0.8 %

Shares of NYSE:LRN opened at $139.37 on Friday. Stride, Inc. has a 52-week low of $54.81 and a 52-week high of $145.00. The company has a market capitalization of $6.07 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32. The company has a 50-day simple moving average of $116.17 and a 200 day simple moving average of $96.55. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping 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 forecast that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. BMO Capital Markets increased their target price on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Canaccord Genuity Group increased their price objective on shares of Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barrington Research increased their price objective on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Citigroup increased their price target on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Stride presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

Stride 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.