South Street Advisors LLC Sells 100 Shares of Stride, Inc. (NYSE:LRN)

South Street Advisors LLC reduced its stake in Stride, Inc. (NYSE:LRN) by 0.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 87,559 shares of the company’s stock after selling 100 shares during the period. South Street Advisors LLC’s holdings in Stride were worth $9,100,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd bought a new position in Stride in the fourth quarter worth about $37,000. Smartleaf Asset Management LLC raised its stake in Stride by 372.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after buying an additional 592 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Stride by 14.8% during the fourth 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Stride during the fourth quarter valued at approximately $165,000. Finally, TD Private Client Wealth LLC increased its stake in shares of Stride by 27.7% during the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock valued at $167,000 after purchasing an additional 426 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

Stride Trading Up 0.5 %

NYSE:LRN opened at $121.95 on Tuesday. The company’s 50 day moving average price is $127.61 and its 200-day moving average price is $105.03. Stride, Inc. has a 52 week low of $56.17 and a 52 week high of $145.00. 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 stock has a market cap of $5.31 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating 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%. On average, equities research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LRN. Canaccord Genuity Group raised their target price on shares of Stride from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Barrington Research reaffirmed an “outperform” rating and set a $140.00 target price on shares of Stride in a research note on Friday. Morgan Stanley raised their target price on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets raised their target price on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research note 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. According to MarketBeat.com, Stride presently has an average rating of “Moderate Buy” and a consensus target price of $119.33.

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.