Cerity Partners LLC Trims Stock Position in Stride, Inc. (NYSE:LRN)

Cerity Partners LLC lowered its position in Stride, Inc. (NYSE:LRN - Free Report) by 26.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,053 shares of the company's stock after selling 23,457 shares during the period. Cerity Partners LLC owned about 0.15% of Stride worth $8,103,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in Stride by 5.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,947 shares of the company's stock valued at $722,000 after acquiring an additional 367 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Stride by 2.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,814 shares of the company's stock worth $1,436,000 after acquiring an additional 393 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Stride in the fourth quarter valued at about $212,000. Avantax Advisory Services Inc. purchased a new position in Stride in the fourth quarter valued at about $214,000. Finally, Swiss National Bank raised its holdings in shares of Stride by 0.7% during the 4th quarter. Swiss National Bank now owns 80,800 shares of the company's stock valued at $8,398,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 98.24% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on LRN. Wall Street Zen raised shares of Stride from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Barrington Research increased their price objective on shares of Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Canaccord Genuity Group raised their target price on shares of Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, April 28th. William Blair restated an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.83.

Stride Stock Performance

Stride stock traded down $0.54 during mid-day trading on Thursday, hitting $132.58. 159,576 shares of the company's stock traded hands, compared to its average volume of 860,014. The firm has a 50 day simple moving average of $145.67 and a two-hundred day simple moving average of $134.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 5.61 and a quick ratio of 5.53. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 0.87 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 issued its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.07). Stride had a net margin of 13.10% and a return on equity of 23.36%. The firm had revenue of $613.38 million during the quarter, compared to analyst estimates of $591.15 million. During the same quarter in the previous year, the firm posted $1.60 earnings per share. Stride's quarterly revenue was up 17.8% compared to the same quarter last year. On average, research analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal 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.