Ameriprise Financial Inc. Sells 24,334 Shares of Stride, Inc. (NYSE:LRN)

Ameriprise Financial Inc. reduced its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 8.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 260,676 shares of the company's stock after selling 24,334 shares during the quarter. Ameriprise Financial Inc. owned about 0.60% of Stride worth $27,092,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Algert Global LLC grew its position in shares of Stride by 245.8% in the 4th quarter. Algert Global LLC now owns 77,425 shares of the company's stock valued at $8,047,000 after purchasing an additional 55,037 shares during the period. PDT Partners LLC grew its position in shares of Stride by 20.6% in the 4th quarter. PDT Partners LLC now owns 36,884 shares of the company's stock valued at $3,833,000 after purchasing an additional 6,297 shares during the period. Schonfeld Strategic Advisors LLC grew its position in shares of Stride by 549.5% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 50,090 shares of the company's stock valued at $5,206,000 after purchasing an additional 42,378 shares during the period. Northern Trust Corp grew its position in shares of Stride by 9.8% in the 4th quarter. Northern Trust Corp now owns 461,954 shares of the company's stock valued at $48,011,000 after purchasing an additional 41,205 shares during the period. Finally, Aquatic Capital Management LLC grew its position in shares of Stride by 223.4% in the 4th quarter. Aquatic Capital Management LLC now owns 86,027 shares of the company's stock valued at $8,941,000 after purchasing an additional 59,427 shares during the period. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. William Blair reiterated an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Canaccord Genuity Group boosted their price objective on Stride from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Barrington Research boosted their price objective on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.83.

Stride Stock Up 1.4%

NYSE:LRN traded up $2.09 during trading hours on Monday, reaching $156.59. 791,799 shares of the stock were exchanged, compared to its average volume of 841,243. Stride, Inc. has a twelve month low of $63.25 and a twelve month high of $162.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The firm has a 50 day moving average of $137.10 and a 200 day moving average of $123.73. The stock has a market cap of $6.82 billion, a PE ratio of 26.14, a PEG ratio of 1.04 and a beta of 0.36.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). Stride had a return on equity of 22.42% and a net margin of 12.30%. The firm had revenue of $613.38 million for the quarter, compared to analyst estimates of $591.15 million. During the same period last year, the company earned $1.60 EPS. The company's revenue was up 17.8% compared to the same quarter last year. On average, equities analysts expect that Stride, Inc. will post 6.67 earnings per share for the current year.

About Stride

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.