CANADA LIFE ASSURANCE Co Decreases Stock Holdings in Stride, Inc. (NYSE:LRN)

CANADA LIFE ASSURANCE Co lowered its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,495 shares of the company's stock after selling 1,899 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.12% of Stride worth $5,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new position in Stride during the 4th quarter worth approximately $37,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Stride by 85.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after acquiring an additional 178 shares during the period. Covestor Ltd grew its position in shares of Stride by 51.6% during the fourth quarter. Covestor Ltd now owns 632 shares of the company's stock worth $66,000 after acquiring an additional 215 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Stride in the 4th quarter valued at $77,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Stride by 372.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock valued at $79,000 after acquiring an additional 592 shares during the period. Hedge funds and other institutional investors own 98.24% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on LRN shares. Barrington Research raised their price objective on shares of Stride from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. BMO Capital Markets raised their price target on Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, Canaccord Genuity Group boosted their price target on Stride from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $121.83.

Stride Stock Performance

Shares of NYSE:LRN traded up $1.31 during midday trading on Friday, hitting $140.90. The stock had a trading volume of 532,167 shares, compared to its average volume of 823,531. The company has a market capitalization of $6.14 billion, a PE ratio of 23.52, a P/E/G ratio of 1.04 and a beta of 0.47. Stride, Inc. has a 1 year low of $63.25 and a 1 year high of $146.49. The stock has a 50 day moving average price of $130.65 and a two-hundred day moving average price of $115.21. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN - Get Free Report) last announced 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 return on equity of 22.42% and a net margin of 12.30%. As a group, equities 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.