SG Americas Securities LLC Boosts Stake in Stride, Inc. (NYSE:LRN)

SG Americas Securities LLC grew its position in Stride, Inc. (NYSE:LRN - Free Report) by 213.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,868 shares of the company's stock after acquiring an additional 5,357 shares during the period. SG Americas Securities LLC's holdings in Stride were worth $818,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Sei Investments Co. raised its position in Stride by 0.6% during the 2nd quarter. Sei Investments Co. now owns 40,210 shares of the company's stock worth $2,834,000 after purchasing an additional 242 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Stride during the second quarter worth about $230,000. The Manufacturers Life Insurance Company lifted its stake in shares of Stride by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 23,851 shares of the company's stock worth $1,681,000 after acquiring an additional 822 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Stride during the 2nd quarter valued at approximately $374,000. Finally, Sanctuary Advisors LLC bought a new position in Stride during the 2nd quarter worth approximately $534,000. Institutional investors and hedge funds own 98.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Barrington Research increased their price objective on shares of Stride from $130.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday. Citigroup lifted their price objective on Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Canaccord Genuity Group raised their target price on Stride from $100.00 to $130.00 and gave the stock a "buy" rating in a research note on Monday. Morgan Stanley boosted their price target on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets raised their price objective on shares of Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.83.

Stride Stock Up 4.8 %

Shares of NYSE:LRN traded up $6.12 during trading on Thursday, reaching $133.99. 1,301,099 shares of the stock were exchanged, compared to its average volume of 964,937. The stock has a fifty day moving average of $109.33 and a two-hundred day moving average of $91.54. Stride, Inc. has a 1-year low of $54.81 and a 1-year high of $137.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 0.88 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 for the quarter, beating analysts' consensus estimates of $1.92 by $0.11. Stride had a net margin of 11.38% and a return on equity of 21.23%. Research analysts anticipate that Stride, Inc. will post 6.64 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.