Shell Asset Management Co. Decreases Position in Stride, Inc. (NYSE:LRN)

Shell Asset Management Co. reduced its stake in shares of Stride, Inc. (NYSE:LRN – Get Rating) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,321 shares of the company’s stock after selling 1,488 shares during the quarter. Shell Asset Management Co.’s holdings in Stride were worth $229,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS Group AG purchased a new stake in shares of Stride during the second quarter valued at approximately $30,000. Quantbot Technologies LP acquired a new stake in Stride during the 3rd quarter valued at $33,000. Ronald Blue Trust Inc. grew its holdings in Stride by 402.5% during the 4th quarter. Ronald Blue Trust Inc. now owns 1,020 shares of the company’s stock valued at $43,000 after purchasing an additional 817 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in Stride by 40.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,050 shares of the company’s stock worth $120,000 after buying an additional 591 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in Stride by 28.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,877 shares of the company’s stock worth $121,000 after buying an additional 634 shares in the last quarter. 92.34% of the stock is owned by institutional investors and hedge funds.

Stride Stock Up 0.0 %

NYSE:LRN opened at $41.27 on Wednesday. The stock has a 50-day simple moving average of $39.89 and a 200 day simple moving average of $37.44. Stride, Inc. has a one year low of $30.66 and a one year high of $47.35. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 0.73 and a beta of 0.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.46 and a current ratio of 3.54.

Stride (NYSE:LRN – Get Rating) last issued its earnings results on Tuesday, April 25th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.08 by $0.22. The company had revenue of $470.30 million during the quarter, compared to analyst estimates of $455.97 million. Stride had a return on equity of 13.36% and a net margin of 6.17%. The business’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.02 EPS. Sell-side analysts predict that Stride, Inc. will post 2.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on LRN shares. BMO Capital Markets raised their target price on Stride from $47.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, January 26th. Morgan Stanley downgraded Stride from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a report on Friday, March 10th. StockNews.com upgraded Stride from a “hold” rating to a “buy” rating in a research note on Thursday, March 30th. Finally, Barrington Research restated an “outperform” rating and issued a $50.00 price target on shares of Stride in a research note on Friday, April 14th.

About Stride

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Stride, Inc is a technology-based educational company, which engages in the provision of proprietary and third-party curriculum, software systems and educational services. It also offers online curriculum and career services to middle and high school students, under the Destinations Career Academy brand name.