Stride, Inc. (NYSE:LRN) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in Stride, Inc. (NYSE:LRN) by 213.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,868 shares of the company’s stock after purchasing an additional 5,357 shares during the period. SG Americas Securities LLC’s holdings in Stride were worth $818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Mendota Financial Group LLC acquired a new stake in shares of Stride in the third quarter valued at $86,000. TD Private Client Wealth LLC grew its holdings in Stride by 27.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock worth $167,000 after acquiring an additional 426 shares in the last quarter. GAMMA Investing LLC raised its stake in Stride by 45.3% in the third quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock valued at $176,000 after buying an additional 643 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in 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 buying an additional 420 shares during the last quarter. Finally, Retirement Guys Formula LLC acquired a new stake in Stride during the third quarter worth approximately $203,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Stride Trading Up 6.2 %

Shares of LRN stock opened at $128.15 on Thursday. The firm’s 50 day moving average price is $109.33 and its two-hundred day moving average price is $91.54. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38. Stride, Inc. has a fifty-two week low of $54.81 and a fifty-two week high of $132.88. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 0.88 and a beta of 0.32.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 11.38% and a return on equity of 21.23%. On average, analysts anticipate that Stride, Inc. will post 6.64 EPS for the current year.

Analyst Upgrades and Downgrades

LRN has been the subject of several research analyst reports. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley increased their price target on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. BMO Capital Markets upped their price target on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup lifted their target price on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Canaccord Genuity Group raised their target price on shares of Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.17.

Stride Company 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.