Advisors Preferred LLC lessened its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 51.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,254 shares of the company's stock after selling 3,400 shares during the period. Advisors Preferred LLC's holdings in Stride were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of LRN. Avantax Advisory Services Inc. purchased a new position in shares of Stride in the 4th quarter valued at about $214,000. Commonwealth Equity Services LLC increased its stake in shares of Stride by 9.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,842 shares of the company's stock valued at $503,000 after purchasing an additional 417 shares in the last quarter. Xponance Inc. increased its stake in shares of Stride by 12.5% in the 4th quarter. Xponance Inc. now owns 3,121 shares of the company's stock valued at $324,000 after purchasing an additional 346 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Stride by 93.9% in the 4th quarter. Teacher Retirement System of Texas now owns 27,243 shares of the company's stock valued at $2,831,000 after purchasing an additional 13,195 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Stride by 22.2% in the 4th quarter. Sei Investments Co. now owns 60,102 shares of the company's stock valued at $6,247,000 after purchasing an additional 10,934 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.
Stride Price Performance
Shares of Stride stock traded down $1.54 during trading on Thursday, hitting $129.18. 420,312 shares of the company were exchanged, compared to its average volume of 569,844. The firm has a 50 day moving average price of $143.46 and a 200 day moving average price of $135.79. The company has a quick ratio of 5.53, a current ratio of 5.61 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 0.84 and a beta of 0.32. Stride, Inc. has a fifty-two week low of $63.25 and a fifty-two week high of $162.30.
Stride (NYSE:LRN - Get Free Report) last announced 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 23.36% and a net margin of 13.10%. The business had revenue of $613.38 million for the quarter, compared to analysts' expectations of $591.15 million. During the same period last year, the company posted $1.60 earnings per share. The firm's revenue for the quarter was up 17.8% on a year-over-year basis. On average, equities analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms have commented on LRN. Wall Street Zen upgraded Stride from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. William Blair reiterated an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Barrington Research reiterated an "outperform" rating and set a $170.00 price objective on shares of Stride in a research note on Thursday. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. Finally, Canaccord Genuity Group boosted their price objective on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $126.83.
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About Stride
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Free Report)
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.
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