Stride, Inc. (NYSE:LRN) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its position in Stride, Inc. (NYSE:LRN) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,678 shares of the company’s stock after selling 90 shares during the period. Royce & Associates LP owned approximately 0.07% of Stride worth $2,981,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Stride in the fourth quarter valued at approximately $37,000. Smartleaf Asset Management LLC boosted its stake in Stride by 372.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock valued at $79,000 after acquiring an additional 592 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Stride by 14.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company’s stock valued at $163,000 after acquiring an additional 199 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Stride in the fourth quarter valued at approximately $165,000. Finally, Wolverine Asset Management LLC boosted its stake in Stride by 11.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock valued at $187,000 after acquiring an additional 183 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Trading Up 0.9 %

Shares of Stride stock opened at $121.29 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The firm has a fifty day moving average price of $128.12 and a 200 day moving average price of $105.40. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00. The stock has a market cap of $5.28 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last issued 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 net margin of 12.30% and a return on equity of 22.42%. Equities research analysts predict that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on LRN shares. BMO Capital Markets lifted their price objective on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Barrington Research reiterated an “outperform” rating and set a $140.00 price objective on shares of Stride in a research note on Friday, March 14th. Canaccord Genuity Group lifted 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 lifted their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stride has an average rating of “Moderate Buy” and an average target price of $119.33.

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.