Stride, Inc. (NYSE:LRN) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC lowered its holdings in Stride, Inc. (NYSE:LRN) by 16.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,149 shares of the company’s stock after selling 1,406 shares during the quarter. Legato Capital Management LLC’s holdings in Stride were worth $743,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LRN. SG Americas Securities LLC increased its stake in Stride by 53.8% in the third quarter. SG Americas Securities LLC now owns 2,511 shares of the company’s stock valued at $214,000 after purchasing an additional 878 shares during the last quarter. Creative Planning boosted its holdings in shares of Stride by 42.2% in the 3rd quarter. Creative Planning now owns 4,653 shares of the company’s stock valued at $397,000 after buying an additional 1,380 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in shares of Stride in the 3rd quarter valued at $329,000. Inspire Advisors LLC raised its stake in Stride by 10.3% during the 3rd quarter. Inspire Advisors LLC now owns 7,360 shares of the company’s stock worth $628,000 after acquiring an additional 689 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Stride by 634.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 117,913 shares of the company’s stock valued at $10,059,000 after acquiring an additional 101,869 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LRN. Morgan Stanley raised their price objective 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 target price on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Citigroup increased their price objective on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Barrington Research raised their target price on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Stride has an average rating of “Moderate Buy” and an average price target of $116.83.

Stride Stock Down 0.8 %

LRN opened at $139.37 on Friday. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $145.00. The business has a 50 day moving average price of $116.17 and a two-hundred day moving average price of $96.55. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The company has a market cap of $6.07 billion, a PE ratio of 23.27, a P/E/G ratio of 1.04 and a beta of 0.32.

Stride (NYSE:LRN) last released its quarterly earnings results 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 return on equity of 22.42% and a net margin of 12.30%. As a group, research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current year.

About Stride

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.