SG Americas Securities LLC Has $36.13 Million Position in Stride, Inc. $LRN

Key Points

• SG Americas Securities LLC boosted its stake in Stride by 325% in Q4, adding 425,524 shares to hold 556,452 shares (about 1.27%) valued at $36.13 million.
• Analyst coverage is mixed—three Buy and four Hold ratings—resulting in a consensus rating of Hold and a consensus price target of $109.75.
• 98.24% of Stride's stock is held by institutional investors; the company has a market cap of $3.78 billion and trades at a P/E of 13.5.

SG Americas Securities LLC grew its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 325.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 556,452 shares of the company's stock after acquiring an additional 425,524 shares during the period. SG Americas Securities LLC owned 1.27% of Stride worth $36,130,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of Stride during the 3rd quarter worth about $3,391,000. Invesco Ltd. lifted its holdings in shares of Stride by 10.3% during the 2nd quarter. Invesco Ltd. now owns 1,782,020 shares of the company's stock valued at $258,731,000 after buying an additional 165,775 shares during the last quarter. Norges Bank bought a new stake in shares of Stride in the 2nd quarter valued at approximately $92,858,000. Seizert Capital Partners LLC bought a new stake in shares of Stride in the 3rd quarter valued at approximately $2,128,000. Finally, CreativeOne Wealth LLC acquired a new position in Stride in the second quarter worth approximately $714,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Up 2.2%

LRN opened at $88.70 on Thursday. The business has a 50 day moving average price of $82.82 and a 200 day moving average price of $92.99. Stride, Inc. has a twelve month low of $60.61 and a twelve month high of $171.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.19 and a current ratio of 7.27. The firm has a market cap of $3.78 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 0.53 and a beta of 0.12.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LRN. BMO Capital Markets reiterated a "market perform" rating on shares of Stride in a research note on Tuesday, March 3rd. Canaccord Genuity Group restated a "buy" rating and set a $125.00 price target on shares of Stride in a research note on Wednesday, January 28th. Wall Street Zen downgraded shares of Stride from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Stride in a research note on Monday, December 29th. Finally, Barrington Research reiterated an "outperform" rating and issued a $125.00 price objective on shares of Stride in a report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $109.75.

Stride 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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