Blue Trust Inc. Has $628,000 Position in Stride, Inc. (NYSE:LRN)

Blue Trust Inc. lowered its stake in shares of Stride, Inc. (NYSE:LRN) by 47.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,041 shares of the company’s stock after selling 5,490 shares during the quarter. Blue Trust Inc.’s holdings in Stride were worth $628,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of LRN. SG Americas Securities LLC boosted its holdings in shares of Stride by 53.8% in the 3rd 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 in 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 purchasing an additional 1,380 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Stride in the 3rd quarter valued at $329,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Stride by 634.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 117,913 shares of the company’s stock valued at $10,059,000 after purchasing an additional 101,869 shares in the last quarter. Finally, Retirement Guys Formula LLC acquired a new stake in shares of Stride in the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Stock Up 0.6 %

Shares of NYSE:LRN opened at $140.19 on Monday. The firm has a market cap of $6.11 billion, a P/E ratio of 23.40, a P/E/G ratio of 1.04 and a beta of 0.32. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. Stride, Inc. has a 12-month low of $54.81 and a 12-month high of $145.00. The business has a fifty day simple moving average of $116.77 and a 200 day simple moving average of $97.30.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (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%. Analysts predict that Stride, Inc. will post 6.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LRN shares. Canaccord Genuity Group raised their target price on Stride from $100.00 to $130.00 and gave the company a “buy” rating in a report on Monday, January 27th. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. BMO Capital Markets increased their price target on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Morgan Stanley increased their price target on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Barrington Research increased their price target on Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Stride has an average rating of “Moderate Buy” and a consensus target price of $116.83.

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.