3 days Ago By ABMN Staff
Envestnet Asset Management Inc. lowered its stake in shares of Stride, Inc. ( NYSE:LRN – Free Report ) by 9.
0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 141,884 shares of the company’s stock after selling 13,987 shares during the period.
Envestnet Asset Management Inc.’s holdings in Stride were worth $14,746,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors have also recently added to or reduced their stakes in the stock.
R Squared Ltd acquired a new stake in Stride in the fourth quarter valued at about $37,000. CIBC Private Wealth Group LLC boosted its stake in shares of Stride by 85.6% in the fourth quarter.
CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock valued at $42,000 after buying an additional 178 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Stride during the fourth quarter worth $77,000.
Smartleaf Asset Management LLC raised its position in Stride by 372.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after acquiring an additional 592 shares in the last quarter.
Finally, Nomura Asset Management Co. Ltd. purchased a new position in Stride in the fourth quarter worth $158,000.
Institutional investors and hedge funds own 98.24% of the company’s stock. Stride Price Performance NYSE:LRN opened at $135.
67 on Thursday. Stride, Inc. has a 12-month low of $56.
17 and a 12-month high of $145.00. The firm has a market cap of $5.
91 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 1.04 and a beta of 0.
47. The company’s 50-day moving average is $131.02 and its two-hundred day moving average is $112.
22. The company has a current ratio of 6.02, a quick ratio of 5.
93 and a debt-to-equity ratio of 0.35. Wall Street Analysts Forecast Growth A number of analysts recently commented on LRN shares.
BMO Capital Markets boosted their price objective on shares of Stride from $134.00 to $139.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st.
Canaccord Genuity Group boosted their price target on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th.
Finally, Barrington Research reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Stride in a research note on Friday, March 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock.
According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $120.17. Get Our Latest Report on Stride About Stride ( Free Report ) 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. Further Reading 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.
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