Triodos Investment Management BV Trims Position in Stride, Inc. (NYSE:LRN)

Triodos Investment Management BV decreased its holdings in Stride, Inc. (NYSE:LRN) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,000 shares of the company’s stock after selling 2,000 shares during the quarter. Triodos Investment Management BV’s holdings in Stride were worth $3,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in Stride in the 4th quarter worth $37,000. Smartleaf Asset Management LLC raised its stake 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 buying an additional 592 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in Stride by 14.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company’s stock worth $163,000 after buying an additional 199 shares during the period. SBI Securities Co. Ltd. bought a new stake in Stride during the 4th quarter valued at approximately $165,000. Finally, Wolverine Asset Management LLC grew its holdings in shares of Stride by 11.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock worth $187,000 after acquiring an additional 183 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LRN shares. Morgan Stanley lifted their price target on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Barrington Research restated an “outperform” rating and set a $140.00 target price on shares of Stride in a report on Friday, March 14th. BMO Capital Markets lifted their price target on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group upped their price objective on shares of Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.33.

Stride Price Performance

LRN opened at $128.64 on Friday. The firm has a market cap of $5.60 billion, a PE ratio of 21.48, a P/E/G ratio of 1.04 and a beta of 0.46. The stock has a 50-day moving average price of $129.90 and a 200-day moving average price of $107.09. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. Sell-side analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Stride Profile

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.