PNC Financial Services Group Inc. reduced its stake in Stride, Inc. (NYSE:LRN – Free Report) by 5.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,430 shares of the company’s stock after selling 285 shares during the period. PNC Financial Services Group Inc.’s holdings in Stride were worth $322,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in LRN. SummerHaven Investment Management LLC increased its holdings in 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 buying an additional 182 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Stride by 13.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,760 shares of the company’s stock worth $104,000 after purchasing an additional 215 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Stride by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock worth $66,000 after purchasing an additional 483 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new position in Stride in the fourth quarter valued at approximately $29,000. Finally, McIlrath & Eck LLC bought a new position in Stride during the third quarter valued at $31,000. 98.24% of the stock is owned by hedge funds and other institutional investors.
Stride Stock Performance
NYSE:LRN opened at $70.50 on Friday. The business’s fifty day moving average is $68.87 and its 200 day moving average is $63.20. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 0.76 and a beta of 0.27. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.21 and a current ratio of 4.29. Stride, Inc. has a 52-week low of $35.61 and a 52-week high of $73.32.
Analyst Ratings Changes
LRN has been the topic of several research reports. StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. BMO Capital Markets lifted their price objective on Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Stride in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.
Read Our Latest Research Report on LRN
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.
Read More
- Five stocks we like better than Stride
- What does consumer price index measure?
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- Conference Calls and Individual Investors
- MarketBeat Week in Review – 6/24 – 6/28
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Want to see what other hedge funds are holding LRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stride, Inc. (NYSE:LRN – Free Report).
Receive News & Ratings for Stride Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stride and related companies with MarketBeat.com's FREE daily email newsletter.