Stride, Inc. (NYSE:LRN) Stock Holdings Decreased by HighTower Advisors LLC

HighTower Advisors LLC trimmed its position in Stride, Inc. (NYSE:LRN) by 18.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,605 shares of the company’s stock after selling 16,345 shares during the period. HighTower Advisors LLC owned 0.17% of Stride worth $7,546,000 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 LRN. Atria Investments Inc acquired a new position in shares of Stride in the 3rd quarter worth approximately $274,000. GSA Capital Partners LLP bought a new position in Stride during the third quarter worth $513,000. Natixis Advisors LLC boosted its holdings in Stride by 47.4% in the third quarter. Natixis Advisors LLC now owns 181,910 shares of the company’s stock worth $15,518,000 after purchasing an additional 58,487 shares during the period. Thrivent Financial for Lutherans increased its stake in Stride by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 33,412 shares of the company’s stock valued at $2,850,000 after purchasing an additional 251 shares during the last quarter. Finally, Quest Partners LLC raised its holdings in shares of Stride by 20,248.8% during the third quarter. Quest Partners LLC now owns 8,343 shares of the company’s stock worth $712,000 after purchasing an additional 8,302 shares during the period. 98.24% of the stock is owned by institutional investors.

Stride Stock Down 1.4 %

LRN opened at $120.21 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. Stride, Inc. has a 12 month low of $56.17 and a 12 month high of $145.00. The stock’s 50 day moving average price is $127.87 and its 200 day moving average price is $105.29. The stock has a market cap of $5.23 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, research analysts predict that Stride, Inc. will post 6.67 earnings per share for the current year.

Analysts Set New Price Targets

LRN has been the subject of a number of recent research reports. Barrington Research reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Stride in a research report on Friday, March 14th. Canaccord Genuity Group upped 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 price objective on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets increased their target price on Stride from $122.00 to $134.00 and gave the stock 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.