Cynosure Group LLC boosted its position in shares of Stride, Inc. (NYSE:LRN – Free Report) by 384.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,220 shares of the company’s stock after purchasing an additional 11,283 shares during the quarter. Cynosure Group LLC’s holdings in Stride were worth $923,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of LRN. Newbridge Financial Services Group Inc. purchased a new stake in Stride during the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. boosted its position in Stride by 78.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after purchasing an additional 85 shares in the last quarter. Leonteq Securities AG purchased a new stake in Stride during the fourth quarter worth $35,000. Caitong International Asset Management Co. Ltd boosted its position in Stride by 482.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 617 shares of the company’s stock worth $40,000 after purchasing an additional 511 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Stride by 62.7% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after purchasing an additional 131 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
LRN has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Stride in a research report on Friday, April 10th. BMO Capital Markets restated a “market perform” rating on shares of Stride in a research report on Monday. Barrington Research restated an “outperform” rating and issued a $125.00 price objective on shares of Stride in a research report on Thursday, April 16th. Finally, William Blair restated an “outperform” rating on shares of Stride in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Stride presently has a consensus rating of “Hold” and an average target price of $109.75.
Stride Stock Performance
NYSE LRN opened at $83.70 on Tuesday. The business’s 50-day moving average price is $93.36 and its 200 day moving average price is $82.28. Stride, Inc. has a twelve month low of $60.61 and a twelve month high of $171.17. The company has a market capitalization of $3.56 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.60 and a beta of 0.10. The company has a current ratio of 6.21, a quick ratio of 6.14 and a debt-to-equity ratio of 0.29.
Stride (NYSE:LRN – Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.09. Stride had a return on equity of 25.20% and a net margin of 12.15%.The firm had revenue of $629.87 million for the quarter, compared to the consensus estimate of $629.69 million. During the same period in the prior year, the business posted $2.02 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts predict that Stride, Inc. will post 8.21 earnings per share for the current year.
Stride Company Profile
Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.
In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.
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