CANADA LIFE ASSURANCE Co Reduces Stock Holdings in Stride, Inc. (NYSE:LRN)

CANADA LIFE ASSURANCE Co lessened its stake in shares of Stride, Inc. (NYSE:LRN) by 3.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 53,495 shares of the company’s stock after selling 1,899 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Stride were worth $5,562,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of LRN. Vanguard Group Inc. grew its holdings in shares of Stride by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company’s stock worth $485,706,000 after purchasing an additional 69,888 shares during the last quarter. William Blair Investment Management LLC increased its position in Stride by 18.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock worth $256,397,000 after buying an additional 375,686 shares during the period. Geode Capital Management LLC lifted its stake in Stride by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 970,395 shares of the company’s stock valued at $100,877,000 after buying an additional 5,694 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Stride by 293.1% in the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock valued at $90,024,000 after acquiring an additional 645,835 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Stride by 120.6% during the fourth quarter. Wellington Management Group LLP now owns 607,581 shares of the company’s stock worth $63,146,000 after acquiring an additional 332,098 shares during the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. BMO Capital Markets increased their price target on shares of Stride from $134.00 to $139.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. Canaccord Genuity Group increased their target price on shares of 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 boosted their price target on Stride from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $121.83.

Stride Stock Performance

Shares of LRN stock opened at $139.95 on Thursday. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. Stride, Inc. has a 12-month low of $62.00 and a 12-month high of $146.49. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 1.04 and a beta of 0.47. The stock has a 50 day simple moving average of $130.68 and a 200-day simple moving average of $114.07.

Stride (NYSE:LRN) last released its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, equities analysts forecast that Stride, Inc. will post 6.67 EPS for the current 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.