Blue Trust Inc. Reduces Stake in Stride, Inc. (NYSE:LRN)

Blue Trust Inc. cut its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 47.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,041 shares of the company's stock after selling 5,490 shares during the period. Blue Trust Inc.'s holdings in Stride were worth $628,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Asset Management One Co. Ltd. purchased a new position in Stride during the 4th quarter valued at $5,696,000. Allspring Global Investments Holdings LLC increased its position in shares of Stride by 61.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company's stock valued at $20,250,000 after buying an additional 72,518 shares during the period. Louisiana State Employees Retirement System raised its stake in Stride by 0.5% in 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. WCM Investment Management LLC bought a new stake in Stride during the 4th quarter valued at approximately $20,850,000. Finally, Entropy Technologies LP boosted its position in Stride by 47.2% during the 4th quarter. Entropy Technologies LP now owns 7,623 shares of the company's stock valued at $792,000 after acquiring an additional 2,445 shares in the last quarter. Institutional investors own 98.24% of the company's stock.

Stride Stock Down 2.0 %

Stride stock traded down $2.89 during trading hours on Thursday, hitting $139.07. The stock had a trading volume of 670,296 shares, compared to its average volume of 909,842. The stock's 50-day moving average price is $118.84 and its 200-day moving average price is $98.55. Stride, Inc. has a 12-month low of $54.81 and a 12-month high of $145.00. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $6.06 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 1.06 and a beta of 0.32.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. Equities research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Canaccord Genuity Group raised their target price on Stride from $100.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Citigroup boosted their target price on shares of Stride from $90.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. StockNews.com cut shares of Stride from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Barrington Research raised their target price on shares of Stride from $130.00 to $140.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Finally, BMO Capital Markets boosted their price target on Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.