Commonwealth Equity Services LLC Increases Stake in Stride, Inc. (NYSE:LRN)

Commonwealth Equity Services LLC boosted its stake in shares of Stride, Inc. (NYSE:LRN) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,842 shares of the company’s stock after purchasing an additional 417 shares during the period. Commonwealth Equity Services LLC’s holdings in Stride were worth $503,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LRN. R Squared Ltd purchased a new stake in shares of Stride during the fourth quarter valued at $37,000. Smartleaf Asset Management LLC lifted its position in Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after acquiring an additional 592 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in Stride by 14.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company’s stock valued at $163,000 after purchasing an additional 199 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Stride in the fourth quarter valued at about $165,000. Finally, TD Private Client Wealth LLC raised its stake in shares of Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock worth $167,000 after purchasing an additional 426 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Trading Down 3.8 %

Shares of NYSE:LRN opened at $125.57 on Friday. The company has a market capitalization of $5.47 billion, a PE ratio of 20.96, a PEG ratio of 1.04 and a beta of 0.46. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00. The business has a 50 day moving average of $131.27 and a two-hundred day moving average of $109.09. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on LRN. Barrington Research reaffirmed an “outperform” rating and set a $140.00 target price on shares of Stride in a report on Friday, March 14th. BMO Capital Markets lifted their price objective on shares of Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a research note on Tuesday. 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 note on Tuesday, March 11th. Finally, Morgan Stanley raised their target price on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Stride presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.17.

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.