Candriam S.C.A. lessened its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 18.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,196 shares of the company's stock after selling 13,338 shares during the period. Candriam S.C.A. owned approximately 0.14% of Stride worth $6,256,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mutual of America Capital Management LLC boosted its stake in shares of Stride by 1.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company's stock worth $675,000 after buying an additional 93 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Stride by 0.8% in the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company's stock worth $1,240,000 after buying an additional 99 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Stride by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company's stock worth $2,151,000 after purchasing an additional 100 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Stride by 1.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company's stock worth $1,047,000 after purchasing an additional 100 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Stride by 3.6% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company's stock worth $336,000 after purchasing an additional 113 shares during the period. Hedge funds and other institutional investors own 98.24% of the company's stock.
A number of equities research analysts recently commented on LRN shares. Canaccord Genuity Group lifted their price target on shares of Stride from $100.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Morgan Stanley lifted their price target on shares of 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 boosted their target price on shares of Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, Barrington Research boosted their target price on shares of Stride from $130.00 to $140.00 and gave the company an "outperform" rating in a 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $116.83.
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Shares of Stride stock traded down $9.80 during trading on Friday, hitting $123.36. The stock had a trading volume of 2,486,825 shares, compared to its average volume of 904,572. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 1.04 and a beta of 0.46. Stride, Inc. has a 12 month low of $56.17 and a 12 month high of $145.00. The business's 50-day moving average is $125.87 and its 200 day moving average is $103.22. 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 (NYSE:LRN - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share 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%. As a group, sell-side analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current year.
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.
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