Sigma Planning Corp Cuts Holdings in Stride, Inc. (NYSE:LRN)

Sigma Planning Corp lessened its stake in Stride, Inc. (NYSE:LRN) by 22.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,470 shares of the company’s stock after selling 734 shares during the quarter. Sigma Planning Corp’s holdings in Stride were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LRN. Principal Financial Group Inc. boosted its stake 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 purchasing an additional 645,835 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Stride by 72.4% in the 3rd quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock valued at $70,594,000 after purchasing an additional 347,564 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake 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 purchasing an additional 314,435 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Stride in the 3rd quarter valued at $21,044,000. Finally, Wellington Management Group LLP boosted its stake 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. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on LRN. Barrington Research upped their price target on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. BMO Capital Markets upped 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. Canaccord Genuity Group upped their price target on shares of Stride from $100.00 to $130.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Morgan Stanley upped 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.83.

Stride Stock Up 1.9 %

Shares of NYSE LRN opened at $136.81 on Friday. 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, Inc. has a 12 month low of $56.17 and a 12 month high of $145.00. The firm has a market capitalization of $5.96 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32. The firm has a fifty day simple moving average of $122.20 and a two-hundred day simple moving average of $100.83.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping 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%. Equities analysts expect that Stride, Inc. will post 6.67 earnings per share 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.