Castellan Group Sells 5,200 Shares of Stride, Inc. (NYSE:LRN)

Castellan Group decreased its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 36.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,960 shares of the company's stock after selling 5,200 shares during the period. Castellan Group's holdings in Stride were worth $931,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in Stride during the 2nd quarter worth $534,000. SG Americas Securities LLC boosted its holdings in shares of Stride by 53.8% in the 3rd quarter. SG Americas Securities LLC now owns 2,511 shares of the company's stock valued at $214,000 after buying an additional 878 shares during the period. Ritholtz Wealth Management raised its position in shares of Stride by 58.5% during the 3rd quarter. Ritholtz Wealth Management now owns 6,573 shares of the company's stock worth $561,000 after purchasing an additional 2,426 shares during the period. Creative Planning lifted its stake in Stride by 42.2% in the third quarter. Creative Planning now owns 4,653 shares of the company's stock valued at $397,000 after buying an additional 1,380 shares during the last quarter. Finally, Bleakley Financial Group LLC bought a new position in Stride in the 3rd quarter worth about $329,000. Institutional investors and hedge funds own 98.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LRN shares. Canaccord Genuity Group upped their price objective on shares of Stride from $100.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Morgan Stanley upped their price target on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Citigroup raised their target price on shares of Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. StockNews.com lowered Stride from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Finally, Barrington Research upped their price target on Stride from $130.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $116.83.

Stride Stock Up 0.6 %

Shares of NYSE:LRN traded up $0.85 during midday trading on Monday, hitting $140.19. 380,574 shares of the stock were exchanged, compared to its average volume of 996,334. The business's fifty day simple moving average is $116.77 and its two-hundred day simple moving average is $97.30. 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, Inc. has a 52-week low of $54.81 and a 52-week high of $145.00. The company has a market capitalization of $6.10 billion, a PE ratio of 23.40, a P/E/G ratio of 1.04 and a beta of 0.32.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 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%. As a group, research analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

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.