Blair William & Co. IL Sells 14,681 Shares of Stride, Inc. (NYSE:LRN)

Blair William & Co. IL lowered its stake in Stride, Inc. (NYSE:LRN - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,935 shares of the company's stock after selling 14,681 shares during the quarter. Blair William & Co. IL owned about 0.13% of Stride worth $6,021,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Stride in the 4th quarter valued at approximately $37,000. Smartleaf Asset Management LLC grew its stake in shares of Stride by 372.3% during the 4th 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. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Stride by 14.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company's stock valued at $163,000 after purchasing an additional 199 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Stride in the fourth quarter worth $165,000. Finally, TD Private Client Wealth LLC lifted 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 purchasing an additional 426 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Stock Performance

Stride stock traded down $4.95 during trading hours on Friday, hitting $125.57. The company had a trading volume of 1,105,886 shares, compared to its average volume of 829,379. Stride, Inc. has a one year low of $56.17 and a one year high of $145.00. The firm has a market cap of $5.47 billion, a PE ratio of 20.96, a PEG ratio of 1.04 and a beta of 0.46. The firm has a 50-day moving average of $131.27 and a 200 day moving average of $109.09. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

Remove Ads

Stride (NYSE:LRN - Get Free Report) last announced 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%. On average, sell-side analysts expect that Stride, Inc. will post 6.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LRN shares. Morgan Stanley lifted their price target on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Barrington Research reaffirmed an "outperform" rating and issued a $140.00 target price on shares of Stride in a research report on Friday, March 14th. BMO Capital Markets upped their target price on Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Canaccord Genuity Group increased their price target on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Three 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, Stride has an average rating of "Moderate Buy" and a consensus price target of $120.17.

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.