AlphaQuest LLC Sells 7,435 Shares of Stride, Inc. (NYSE:LRN)

AlphaQuest LLC lowered its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 89.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 908 shares of the company's stock after selling 7,435 shares during the period. AlphaQuest LLC's holdings in Stride were worth $94,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Stride in the fourth quarter worth approximately $37,000. Smartleaf Asset Management LLC increased its position in shares of Stride by 372.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after acquiring an additional 592 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Stride in the fourth quarter worth approximately $165,000. TD Private Client Wealth LLC increased its position in shares of Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock worth $167,000 after acquiring an additional 426 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its position in shares of Stride by 11.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company's stock worth $187,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on LRN shares. Morgan Stanley raised their price target on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Barrington Research restated an "outperform" rating and set a $140.00 price target on shares of Stride in a report on Friday, March 14th. Canaccord Genuity Group raised their price target on shares of Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets raised their price target on shares of Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $119.33.

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Stride Stock Down 0.7 %

NYSE LRN traded down $0.81 during trading on Friday, reaching $121.97. The company's stock had a trading volume of 1,030,344 shares, compared to its average volume of 798,854. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $5.31 billion, a PE ratio of 20.36, a PEG ratio of 1.04 and a beta of 0.46. The business has a 50-day moving average price of $128.61 and a 200-day moving average price of $105.80. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00.

Stride (NYSE:LRN - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) 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%. On average, research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

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.