Stride, Inc. (NYSE:LRN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of Stride, Inc. (NYSE:LRN – Get Rating) by 36.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,817 shares of the company’s stock after selling 7,426 shares during the quarter. SG Americas Securities LLC’s holdings in Stride were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LRN. UBS Group AG acquired a new stake in Stride during the second quarter worth approximately $30,000. Nisa Investment Advisors LLC increased its holdings in shares of Stride by 228.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the company’s stock valued at $47,000 after acquiring an additional 800 shares during the period. Advisor Group Holdings Inc. increased its holdings in shares of Stride by 40.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,050 shares of the company’s stock valued at $120,000 after acquiring an additional 591 shares during the period. Amalgamated Bank acquired a new position in shares of Stride in the 1st quarter valued at $185,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Stride by 14.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,445 shares of the company’s stock valued at $198,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 92.34% of the company’s stock.

Analyst Ratings Changes

LRN has been the topic of a number of recent research reports. StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a report on Thursday, October 27th. BMO Capital Markets cut their target price on shares of Stride from $52.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, October 27th. Finally, Morgan Stanley lowered their price objective on shares of Stride from $43.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 4th.

Stride Stock Performance

NYSE:LRN opened at $32.54 on Tuesday. The firm’s fifty day moving average price is $33.26 and its 200 day moving average price is $37.70. Stride, Inc. has a 1-year low of $25.65 and a 1-year high of $47.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.22 and a quick ratio of 3.12. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 0.75 and a beta of 0.30.

Stride (NYSE:LRN – Get Rating) last posted its quarterly earnings data on Tuesday, October 25th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.36). Stride had a net margin of 5.28% and a return on equity of 11.60%. The firm had revenue of $425.15 million during the quarter, compared to analysts’ expectations of $423.74 million. On average, sell-side analysts expect that Stride, Inc. will post 2.14 EPS for the current year.

Stride Profile

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Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.