Exchange Traded Concepts LLC Has $2.38 Million Stock Position in Stride, Inc. (NYSE:LRN)

Exchange Traded Concepts LLC increased its position in shares of Stride, Inc. (NYSE:LRN) by 4.3% in the fourth quarter, HoldingsChannel reports. The firm owned 22,867 shares of the company’s stock after purchasing an additional 947 shares during the period. Exchange Traded Concepts LLC’s holdings in Stride were worth $2,377,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in shares of Stride during the 2nd quarter worth about $534,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Stride during the 3rd quarter worth about $430,000. International Assets Investment Management LLC increased its position in shares of Stride by 8,431.7% during the 3rd quarter. International Assets Investment Management LLC now owns 5,119 shares of the company’s stock worth $437,000 after purchasing an additional 5,059 shares in the last quarter. Quest Partners LLC increased its position in shares of Stride by 20,248.8% during the 3rd quarter. Quest Partners LLC now owns 8,343 shares of the company’s stock worth $712,000 after purchasing an additional 8,302 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Stride by 24.6% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,000 shares of the company’s stock worth $3,071,000 after purchasing an additional 7,100 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LRN. StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. BMO Capital Markets raised their price objective on shares of Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barrington Research raised their price objective on shares of Stride from $100.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Morgan Stanley raised their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group raised their price objective on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.50.

Stride Stock Up 0.3 %

Shares of NYSE LRN opened at $119.43 on Monday. The firm has a market capitalization of $5.21 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 0.88 and a beta of 0.32. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38. Stride, Inc. has a 1 year low of $54.81 and a 1 year high of $120.60. The firm’s 50-day moving average is $108.10 and its 200-day moving average is $90.56.

About Stride

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.