M&T Bank Corp Sells 482 Shares of Stride, Inc. (NYSE:LRN)

M&T Bank Corp lessened its stake in shares of Stride, Inc. (NYSE:LRN) by 15.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,649 shares of the company’s stock after selling 482 shares during the period. M&T Bank Corp’s holdings in Stride were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Janus Henderson Group PLC boosted its holdings in shares of Stride by 1.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company’s stock valued at $99,851,000 after purchasing an additional 13,050 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Stride by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock valued at $82,315,000 after acquiring an additional 35,349 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Stride by 51.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock valued at $79,326,000 after acquiring an additional 314,435 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Stride by 293.1% in the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock valued at $90,024,000 after acquiring an additional 645,835 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Stride by 0.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 753,728 shares of the company’s stock valued at $64,286,000 after acquiring an additional 5,278 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LRN. Morgan Stanley increased their price target on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. BMO Capital Markets increased their price target on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Barrington Research reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Stride in a report on Friday. Finally, Canaccord Genuity Group increased their price objective on shares of Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $119.33.

Stride Stock Performance

Stride stock opened at $120.93 on Friday. The firm has a market capitalization of $5.27 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The company’s 50-day moving average is $127.31 and its 200 day moving average is $104.58. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00. 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 issued its earnings results on Tuesday, January 28th. The company reported $2.03 EPS 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%. Research analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

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.