Belpointe Asset Management LLC Has $66,000 Stock Position in Stride, Inc. (NYSE:LRN)

Belpointe Asset Management LLC cut its position in Stride, Inc. (NYSE:LRN – Get Rating) by 27.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,103 shares of the company’s stock after selling 796 shares during the quarter. Belpointe Asset Management LLC’s holdings in Stride were worth $66,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Triodos Investment Management BV increased its stake in shares of Stride by 25.0% in the fourth quarter. Triodos Investment Management BV now owns 37,500 shares of the company’s stock valued at $1,173,000 after buying an additional 7,500 shares in the last quarter. Swiss National Bank grew its stake in shares of Stride by 1.9% during the fourth quarter. Swiss National Bank now owns 98,100 shares of the company’s stock valued at $3,069,000 after purchasing an additional 1,800 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Stride by 3.9% in the fourth quarter. Arizona State Retirement System now owns 11,465 shares of the company’s stock valued at $359,000 after purchasing an additional 428 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Stride in the 4th quarter worth approximately $374,000. Finally, IFP Advisors Inc boosted its position in Stride by 16.5% in the 4th quarter. IFP Advisors Inc now owns 3,416 shares of the company’s stock valued at $79,000 after buying an additional 484 shares during the last quarter. 92.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on LRN. StockNews.com began coverage on Stride in a research note on Thursday. They set a “buy” rating on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Stride in a research note on Friday, April 14th. BMO Capital Markets boosted their price target on shares of Stride from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, January 26th. Finally, Morgan Stanley cut Stride from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective for the company. in a research note on Friday, March 10th.

Stride Stock Up 0.2 %

Shares of NYSE LRN opened at $41.75 on Monday. Stride, Inc. has a 52-week low of $30.66 and a 52-week high of $47.35. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.46 and a current ratio of 3.54. The stock has a market cap of $1.80 billion, a P/E ratio of 16.00, a P/E/G ratio of 0.74 and a beta of 0.32. The firm has a 50 day moving average price of $39.76 and a 200 day moving average price of $37.74.

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

About Stride

(Get Rating)

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.