Stride, Inc. $LRN Shares Sold by Algert Global LLC

Algert Global LLC lessened its position in shares of Stride, Inc. (NYSE:LRN) by 12.8% in the first quarter, Holdings Channel.com reports. The fund owned 67,484 shares of the company’s stock after selling 9,941 shares during the quarter. Algert Global LLC’s holdings in Stride were worth $8,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in Stride by 27.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company’s stock valued at $155,251,000 after purchasing an additional 323,275 shares in the last quarter. Congress Asset Management Co. grew its stake in shares of Stride by 102.2% in the first quarter. Congress Asset Management Co. now owns 1,169,748 shares of the company’s stock valued at $147,973,000 after buying an additional 591,208 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Stride by 9.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 764,067 shares of the company’s stock valued at $79,411,000 after buying an additional 65,509 shares during the period. Deutsche Bank AG raised its holdings in shares of Stride by 10.4% during the 1st quarter. Deutsche Bank AG now owns 617,894 shares of the company’s stock valued at $78,164,000 after buying an additional 58,029 shares during the period. Finally, Wellington Management Group LLP lifted its position in Stride by 120.6% during the 4th quarter. Wellington Management Group LLP now owns 607,581 shares of the company’s stock worth $63,146,000 after acquiring an additional 332,098 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on LRN shares. William Blair reissued an “outperform” rating on shares of Stride in a research report on Wednesday, April 30th. Barrington Research reaffirmed an “outperform” rating and set a $170.00 price target on shares of Stride in a research note on Thursday, July 24th. BMO Capital Markets reissued an “outperform” rating on shares of Stride in a research report on Thursday, May 1st. Morgan Stanley raised their target price on Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Canaccord Genuity Group boosted their price target on Stride from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.40.

Stride Stock Performance

Shares of LRN opened at $160.47 on Monday. The firm has a fifty day moving average of $139.62 and a 200-day moving average of $139.07. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 0.94 and a beta of 0.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.27 and a current ratio of 5.39. Stride, Inc. has a 1 year low of $63.25 and a 1 year high of $162.30.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.46. Stride had a return on equity of 25.51% and a net margin of 11.97%. The business had revenue of $653.65 million during the quarter, compared to the consensus estimate of $626.23 million. During the same period in the previous year, the firm posted $1.42 earnings per share. The business’s revenue was up 22.4% on a year-over-year basis. As a group, equities analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current year.

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.