Stride, Inc. (NYSE:LRN) Shares Sold by Cerity Partners LLC

Cerity Partners LLC cut its stake in Stride, Inc. (NYSE:LRN - Free Report) by 31.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,510 shares of the company's stock after selling 39,525 shares during the period. Cerity Partners LLC owned approximately 0.20% of Stride worth $9,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in LRN. R Squared Ltd purchased a new stake in shares of Stride in the 4th quarter valued at approximately $37,000. CIBC Private Wealth Group LLC grew its position in Stride by 85.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after acquiring an additional 178 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Stride during the fourth quarter worth $77,000. Smartleaf Asset Management LLC increased its stake in Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after acquiring an additional 592 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Stride by 23.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,378 shares of the company's stock valued at $143,000 after purchasing an additional 258 shares during the period. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Trading Up 2.2 %

Shares of NYSE LRN traded up $2.92 during midday trading on Tuesday, reaching $137.71. 286,764 shares of the stock were exchanged, compared to its average volume of 835,670. The company has a market capitalization of $6.00 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.04 and a beta of 0.47. 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, Inc. has a 52-week low of $56.17 and a 52-week high of $145.00. The stock has a 50 day moving average price of $131.19 and a 200-day moving average price of $111.88.

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Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS 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%. Equities research analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LRN has been the topic of a number of research reports. BMO Capital Markets upped their price target on Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Barrington Research reissued an "outperform" rating and issued a $140.00 price objective on shares of Stride in a research note on Friday, March 14th. Finally, Canaccord Genuity Group boosted their target price on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.