Natixis Advisors LLC Trims Stake in Stride, Inc. (NYSE:LRN)

Natixis Advisors LLC cut its position in shares of Stride, Inc. (NYSE:LRN) by 94.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,030 shares of the company’s stock after selling 171,880 shares during the period. Natixis Advisors LLC’s holdings in Stride were worth $1,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Stride by 293.1% in the fourth 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 in the last quarter. Loomis Sayles & Co. L P purchased a new position in Stride during the 3rd quarter valued at about $21,044,000. Wellington Management Group LLP raised its holdings in shares of Stride by 416.7% in the 3rd quarter. Wellington Management Group LLP now owns 275,483 shares of the company’s stock valued at $23,501,000 after purchasing an additional 222,165 shares in the last quarter. WCM Investment Management LLC purchased a new stake in shares of Stride in the 4th quarter worth approximately $20,850,000. Finally, Weiss Asset Management LP bought a new position in shares of Stride during the third quarter valued at approximately $13,465,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Stride Stock Up 1.4 %

Stride stock opened at $127.09 on Wednesday. The business has a fifty day moving average price of $129.29 and a 200-day moving average price of $106.80. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.04 and a beta of 0.46. 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 quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. Equities research analysts forecast that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LRN has been the subject of a number of analyst reports. Barrington Research restated an “outperform” rating and set a $140.00 target price on shares of Stride in a report on Friday, March 14th. Canaccord Genuity Group upped their price objective on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Morgan Stanley raised their price objective on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Stride currently has an average rating of “Moderate Buy” and an average target price of $119.33.

Stride 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.