Edmond DE Rothschild Holding S.A. Sells 8,664 Shares of Stride, Inc. (NYSE:LRN)

Edmond DE Rothschild Holding S.A. trimmed its holdings in shares of Stride, Inc. (NYSE:LRNFree Report) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,261 shares of the company’s stock after selling 8,664 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Stride were worth $2,865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LRN. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Stride during the fourth quarter worth approximately $29,000. McIlrath & Eck LLC bought a new stake in shares of Stride during the third quarter worth approximately $31,000. Strs Ohio bought a new stake in Stride in the fourth quarter valued at approximately $47,000. GAMMA Investing LLC bought a new stake in Stride in the fourth quarter valued at approximately $65,000. Finally, Quadrant Capital Group LLC increased 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 purchasing an additional 483 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

Stride Stock Down 0.8 %

Shares of LRN stock traded down $0.60 during trading hours on Wednesday, hitting $70.15. 16,250 shares of the company were exchanged, compared to its average volume of 747,203. The business has a 50 day moving average of $65.30 and a two-hundred day moving average of $61.64. The company has a current ratio of 4.29, a quick ratio of 4.21 and a debt-to-equity ratio of 0.40. Stride, Inc. has a 52 week low of $35.61 and a 52 week high of $73.32. The company has a market capitalization of $3.03 billion, a PE ratio of 16.60, a PEG ratio of 0.78 and a beta of 0.26.

Stride (NYSE:LRNGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.13. Stride had a net margin of 9.29% and a return on equity of 18.29%. The company had revenue of $520.84 million during the quarter, compared to the consensus estimate of $507.89 million. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. Analysts anticipate that Stride, Inc. will post 4.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LRN has been the subject of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Stride in a research note on Wednesday, April 24th. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, BMO Capital Markets upped their target price on shares of Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.00.

View Our Latest Analysis on LRN

About Stride

(Free Report)

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.

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Institutional Ownership by Quarter for Stride (NYSE:LRN)

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