Nuveen Asset Management LLC Decreases Stake in Stride, Inc. (NYSE:LRN)

Nuveen Asset Management LLC decreased its stake in Stride, Inc. (NYSE:LRN - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,653 shares of the company's stock after selling 95,889 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.56% of Stride worth $25,427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH grew its position in shares of Stride by 26.9% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 295,532 shares of the company's stock worth $30,715,000 after purchasing an additional 62,590 shares in the last quarter. Sheets Smith Wealth Management bought a new stake in shares of Stride in the 4th quarter valued at approximately $205,000. Dakota Wealth Management lifted its stake in shares of Stride by 4.1% in the 4th quarter. Dakota Wealth Management now owns 3,070 shares of the company's stock valued at $319,000 after purchasing an additional 121 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Stride by 213.3% in the 4th quarter. SG Americas Securities LLC now owns 7,868 shares of the company's stock valued at $818,000 after purchasing an additional 5,357 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Stride by 4.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 22,867 shares of the company's stock valued at $2,377,000 after purchasing an additional 947 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

Stride Stock Down 0.6%

Shares of NYSE:LRN traded down $0.92 on Wednesday, reaching $152.47. The company had a trading volume of 65,447 shares, compared to its average volume of 839,347. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $162.30. The firm's 50 day simple moving average is $141.13 and its 200-day simple moving average is $125.92. The firm has a market capitalization of $6.64 billion, a PE ratio of 25.46, a PEG ratio of 1.04 and a beta of 0.36. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BMO Capital Markets reissued an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. William Blair restated an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Barrington Research raised their price objective on Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Canaccord Genuity Group raised their price objective on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Three research analysts have rated the stock with a hold rating and five 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 a consensus target price of $126.83.

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.