Danske Bank A S Has $32,000 Stake in Stride, Inc. $LRN

Key Points

• Danske Bank A S slashed its Stride position by 99.5% in the fourth quarter, selling 104,302 shares and leaving just 500 shares valued at about $32,000.
• Institutional ownership remains extremely high, with 98.24% of Stride’s stock held by institutional investors despite some firms trimming or adding to their positions.
• Stride recently beat quarterly expectations, reporting EPS of $2.30 versus an estimate of $2.21 and revenue of $629.87 million, while analysts currently rate the stock a consensus Hold with a $109.75 price target.

Danske Bank A S lowered its stake in Stride, Inc. (NYSE:LRN - Free Report) by 99.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 500 shares of the company's stock after selling 104,302 shares during the period. Danske Bank A S's holdings in Stride were worth $32,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LRN. Newbridge Financial Services Group Inc. acquired a new position in shares of Stride during the 2nd quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company's stock worth $28,000 after purchasing an additional 85 shares during the last quarter. Richardson Financial Services Inc. boosted its position in Stride by 171.6% during the third quarter. Richardson Financial Services Inc. now owns 277 shares of the company's stock worth $41,000 after purchasing an additional 175 shares during the period. Sentry Investment Management LLC bought a new stake in Stride during the third quarter worth approximately $42,000. Finally, Geneos Wealth Management Inc. grew its holdings in Stride by 62.7% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company's stock valued at $43,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 98.24% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LRN shares. BMO Capital Markets reissued a "market perform" rating on shares of Stride in a research report on Tuesday, March 3rd. Canaccord Genuity Group reiterated a "buy" rating and issued a $125.00 target price on shares of Stride in a research note on Wednesday, January 28th. Barrington Research reiterated an "outperform" rating and issued a $125.00 target price on shares of Stride in a report on Thursday, April 16th. Wall Street Zen lowered shares of Stride from a "buy" rating to a "hold" rating in a research report on Saturday, January 31st. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Stride in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $109.75.

Stride Stock Down 4.1%

Shares of LRN stock opened at $87.88 on Friday. Stride, Inc. has a 12 month low of $60.61 and a 12 month high of $171.17. The company has a quick ratio of 6.14, a current ratio of 6.21 and a debt-to-equity ratio of 0.29. The firm has a market cap of $3.74 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.56 and a beta of 0.13. The stock has a 50 day moving average of $89.99 and a 200-day moving average of $81.60.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.09. Stride had a net margin of 12.15% and a return on equity of 25.20%. The business had revenue of $629.87 million for the quarter, compared to the consensus estimate of $629.69 million. During the same quarter last year, the company posted $2.02 earnings per share. Stride's quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that Stride, Inc. will post 8.15 EPS for the current year.

Stride Company Profile

Stride, Inc NYSE: LRN is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company's blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.

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