Parkside Financial Bank & Trust Cuts Stake in Stride, Inc. (NYSE:LRN)

Parkside Financial Bank & Trust cut its stake in Stride, Inc. (NYSE:LRN) by 64.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 454 shares of the company’s stock after selling 818 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Stride were worth $27,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SG Capital Management LLC raised its position in Stride by 348.7% in the 3rd quarter. SG Capital Management LLC now owns 563,218 shares of the company’s stock valued at $25,362,000 after purchasing an additional 437,685 shares in the last quarter. Cooper Creek Partners Management LLC lifted its stake in Stride by 89.1% in the third quarter. Cooper Creek Partners Management LLC now owns 472,934 shares of the company’s stock worth $21,296,000 after acquiring an additional 222,866 shares during the last quarter. Wellington Management Group LLP grew its holdings in Stride by 48.3% during the 3rd quarter. Wellington Management Group LLP now owns 325,831 shares of the company’s stock worth $14,672,000 after acquiring an additional 106,091 shares in the last quarter. Nordea Investment Management AB purchased a new stake in shares of Stride in the 3rd quarter valued at approximately $3,289,000. Finally, Blair William & Co. IL purchased a new stake in shares of Stride in the 3rd quarter valued at approximately $3,093,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LRN has been the subject of a number of analyst reports. BMO Capital Markets boosted their target price on shares of Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday. Citigroup raised their target price on Stride from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Barrington Research reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Stride in a report on Wednesday. StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Wedbush reaffirmed an “outperform” rating on shares of Stride in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.00.

Stride Price Performance

LRN stock opened at $67.08 on Friday. Stride, Inc. has a twelve month low of $35.61 and a twelve month high of $69.70. The company has a market capitalization of $2.90 billion, a P/E ratio of 15.75, a PEG ratio of 0.74 and a beta of 0.26. The business has a 50 day simple moving average of $60.65 and a 200-day simple moving average of $58.49. The company has a current ratio of 4.29, a quick ratio of 4.44 and a debt-to-equity ratio of 0.40.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.13. Stride had a return on equity of 18.29% and a net margin of 9.29%. The company had revenue of $520.84 million for the quarter, compared to the consensus estimate of $507.89 million. During the same period last year, the business posted $1.30 EPS. The company’s revenue was up 10.7% on a year-over-year basis. As a group, equities analysts anticipate that Stride, Inc. will post 4.55 EPS for the current year.

Stride Company Profile

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.