Candriam S.C.A. Sells 13,338 Shares of Stride, Inc. (NYSE:LRN)

Candriam S.C.A. lessened its holdings in Stride, Inc. (NYSE:LRN) by 18.1% during the fourth quarter, according to the company in its most recent Form 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 about 0.14% of Stride worth $6,256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Stride during the fourth quarter worth about $37,000. Smartleaf Asset Management LLC increased its position in Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock valued at $79,000 after purchasing an additional 592 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Stride during the 4th quarter valued at approximately $165,000. TD Private Client Wealth LLC increased its position in Stride by 27.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock valued at $167,000 after purchasing an additional 426 shares during the period. Finally, Wolverine Asset Management LLC increased its position in Stride by 11.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock valued at $187,000 after purchasing an additional 183 shares during the period. Institutional investors own 98.24% of the company’s stock.

Stride Trading Down 7.4 %

NYSE LRN opened at $123.36 on Friday. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average is $125.50 and its 200 day moving average is $102.79. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00. The firm has a market capitalization of $5.37 billion, a PE ratio of 20.59, a P/E/G ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. Research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LRN has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Morgan Stanley increased their price target on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Canaccord Genuity Group raised their target price on Stride from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Barrington Research raised their target price on Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

Stride Company Profile

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.