SG Americas Securities LLC Boosts Position in Stride, Inc. (NYSE:LRN)

SG Americas Securities LLC lifted its stake in shares of Stride, Inc. (NYSE:LRN) by 53.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,511 shares of the company’s stock after acquiring an additional 878 shares during the period. SG Americas Securities LLC’s holdings in Stride were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of LRN. Motco purchased a new position in shares of Stride during the 1st quarter worth $74,000. EntryPoint Capital LLC purchased a new position in shares of Stride during the 1st quarter worth $77,000. nVerses Capital LLC purchased a new position in shares of Stride during the 2nd quarter worth $78,000. Advisors Asset Management Inc. increased its position in shares of Stride by 38.0% during the 1st quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company’s stock worth $173,000 after purchasing an additional 754 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its position in shares of Stride by 24.2% during the 3rd quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company’s stock worth $184,000 after purchasing an additional 420 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LRN. StockNews.com raised Stride from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Canaccord Genuity Group began coverage on Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 price objective for the company. Canaccord Genuity Group began coverage on Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 price objective for the company. Barrington Research reissued an “outperform” rating and set a $90.00 price objective on shares of Stride in a research report on Friday, October 11th. Finally, BMO Capital Markets raised their price objective on Stride from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $85.83.

Stride Stock Performance

NYSE LRN opened at $64.49 on Wednesday. The company has a market cap of $2.79 billion, a P/E ratio of 15.14, a P/E/G ratio of 0.74 and a beta of 0.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.10 and a quick ratio of 4.95. The stock has a 50-day moving average of $79.16 and a two-hundred day moving average of $72.54. Stride, Inc. has a 1-year low of $43.77 and a 1-year high of $88.02.

Stride (NYSE:LRN) last released its earnings results on Tuesday, August 6th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.15. The company had revenue of $534.18 million during the quarter, compared to the consensus estimate of $525.89 million. Stride had a return on equity of 19.12% and a net margin of 10.01%. Stride’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. As a group, analysts anticipate that Stride, Inc. will post 5.05 EPS 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.