HighTower Advisors LLC Reduces Holdings in Stride, Inc. (NYSE:LRN)

HighTower Advisors LLC decreased its position in Stride, Inc. (NYSE:LRN - Free Report) by 18.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,605 shares of the company's stock after selling 16,345 shares during the period. HighTower Advisors LLC owned about 0.17% of Stride worth $7,546,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LRN. R Squared Ltd purchased a new position in Stride in the fourth quarter valued at $37,000. Smartleaf Asset Management LLC increased its holdings in Stride by 372.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock valued at $79,000 after buying an additional 592 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Stride in the fourth quarter valued at $165,000. TD Private Client Wealth LLC increased its holdings in Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock valued at $167,000 after buying an additional 426 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its stake in shares of Stride by 11.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company's stock worth $187,000 after purchasing an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

Wall Street Analysts Forecast Growth

LRN has been the subject of a number of research reports. Barrington Research reissued an "outperform" rating and set a $140.00 target price on shares of Stride in a research note on Friday, March 14th. Canaccord Genuity Group boosted their target price on shares of Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Morgan Stanley boosted their target price on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on shares of Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. 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 has an average rating of "Moderate Buy" and an average price target of $119.33.

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Stride Price Performance

LRN traded down $0.81 on Friday, reaching $121.97. 1,030,344 shares of the company's stock were exchanged, compared to its average volume of 798,854. The stock has a market cap of $5.31 billion, a PE ratio of 20.36, a P/E/G ratio of 1.04 and a beta of 0.46. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00. The stock's fifty day moving average price is $128.61 and its 200-day moving average price is $105.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. Sell-side analysts expect that Stride, Inc. will post 6.67 EPS for the current year.

Stride 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.