Vanguard Group Inc. Has $293.68 Million Holdings in Stride, Inc. (NYSE:LRN)

Vanguard Group Inc. cut its stake in shares of Stride, Inc. (NYSE:LRN) by 0.5% in the fourth quarter, Holdings Channel reports. The firm owned 4,946,552 shares of the company’s stock after selling 22,954 shares during the quarter. Vanguard Group Inc. owned 0.11% of Stride worth $293,677,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. SummerHaven Investment Management LLC grew its stake in shares of Stride by 0.9% during the fourth quarter. SummerHaven Investment Management LLC now owns 20,081 shares of the company’s stock worth $1,192,000 after purchasing an additional 182 shares during the period. Daiwa Securities Group Inc. grew its stake in Stride by 13.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,760 shares of the company’s stock valued at $104,000 after acquiring an additional 215 shares during the period. Quadrant Capital Group LLC grew its stake in Stride by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock valued at $66,000 after acquiring an additional 483 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new position in Stride in the fourth quarter valued at about $29,000. Finally, McIlrath & Eck LLC acquired a new position in Stride in the third quarter valued at about $31,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LRN shares. BMO Capital Markets boosted their target price on Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, Barrington Research reissued an “outperform” rating and issued a $75.00 target price on shares of Stride in a research note on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Stride currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Stride Stock Performance

Shares of Stride stock opened at $70.50 on Friday. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 0.76 and a beta of 0.27. The stock’s 50-day moving average is $68.87 and its 200-day moving average is $63.20. Stride, Inc. has a one year low of $35.61 and a one year high of $73.32. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.21.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. The company had revenue of $520.84 million for the quarter, compared to analyst estimates of $507.89 million. Stride had a return on equity of 18.29% and a net margin of 9.29%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 earnings per share. Equities analysts predict that Stride, Inc. will post 4.55 earnings per share for the current fiscal year.

Stride Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.