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

Cerity Partners LLC lessened its position in shares of Stride, Inc. (NYSE:LRN) by 31.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,510 shares of the company’s stock after selling 39,525 shares during the quarter. Cerity Partners LLC owned approximately 0.20% of Stride worth $9,076,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new position in Stride during the fourth quarter worth about $37,000. CIBC Private Wealth Group LLC increased its stake in shares of Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock worth $42,000 after purchasing an additional 178 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Stride during the 4th quarter worth approximately $77,000. Smartleaf Asset Management LLC lifted its stake in 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 buying an additional 592 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Stride by 23.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,378 shares of the company’s stock valued at $143,000 after buying an additional 258 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Stride Trading Up 0.0 %

Shares of LRN stock opened at $133.75 on Friday. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00. The firm’s 50-day simple moving average is $131.30 and its 200-day simple moving average is $110.99. The firm has a market cap of $5.82 billion, a P/E ratio of 22.33, a PEG ratio of 1.04 and a beta of 0.47. 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) 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%. As a group, equities analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LRN shares. BMO Capital Markets upped their price objective on Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Canaccord Genuity Group upped their target price on shares of Stride from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Morgan Stanley lifted their price target on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Barrington Research reissued an “outperform” rating and set a $140.00 price objective on shares of Stride in a research note on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.