Sigma Planning Corp Sells 3,100 Shares of Stride, Inc. (NYSE:LRN)

Sigma Planning Corp reduced its position in Stride, Inc. (NYSE:LRN) by 43.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,100 shares of the company’s stock after selling 3,100 shares during the quarter. Sigma Planning Corp’s holdings in Stride were worth $243,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LRN. McGlone Suttner Wealth Management Inc. bought a new position in shares of Stride during the fourth quarter valued at $29,000. McIlrath & Eck LLC bought a new position in shares of Stride during the third quarter valued at $31,000. Strs Ohio bought a new position in shares of Stride during the fourth quarter valued at $47,000. Nisa Investment Advisors LLC lifted its holdings in shares of Stride by 156.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,310 shares of the company’s stock valued at $78,000 after acquiring an additional 800 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Stride by 13.9% during 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. 98.24% of the stock is owned by institutional investors.

Stride Price Performance

Shares of LRN stock opened at $67.08 on Monday. The stock has a 50-day moving average price of $60.65 and a 200 day moving average price of $58.58. The company has a quick ratio of 4.44, a current ratio of 4.29 and a debt-to-equity ratio of 0.40. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.74 and a beta of 0.26. Stride, Inc. has a 12 month low of $35.61 and a 12 month high of $69.70.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. The firm had revenue of $520.84 million during 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 revenue was up 10.7% on a year-over-year basis. During the same period last year, the company earned $1.30 earnings per share. Research analysts expect that Stride, Inc. will post 4.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LRN. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup raised their target price on Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Wedbush restated an “outperform” rating on shares of Stride in a research note on Wednesday, January 24th. BMO Capital Markets raised their target price on Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Barrington Research restated an “outperform” rating and issued a $75.00 target price on shares of Stride in a research note on Wednesday, April 24th. Two investment 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 presently has an average rating of “Moderate Buy” and an average target price of $72.00.

Stride Company 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.