Castellan Group Sells 5,200 Shares of Stride, Inc. (NYSE:LRN)

Castellan Group reduced its position in Stride, Inc. (NYSE:LRN) by 36.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,960 shares of the company’s stock after selling 5,200 shares during the quarter. Castellan Group’s holdings in Stride were worth $931,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LRN. Congress Asset Management Co. bought a new position in Stride in the 3rd quarter valued at $45,616,000. Victory Capital Management Inc. raised its position in shares of Stride by 72.4% in the third quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock worth $70,594,000 after buying an additional 347,564 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Stride by 51.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock worth $79,326,000 after buying an additional 314,435 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in Stride during the third quarter valued at $21,044,000. Finally, Wellington Management Group LLP grew its position in Stride by 416.7% during the third quarter. Wellington Management Group LLP now owns 275,483 shares of the company’s stock worth $23,501,000 after buying an additional 222,165 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Trading Up 1.2 %

LRN stock opened at $140.62 on Thursday. The company has a market capitalization of $6.12 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. Stride, Inc. has a one year low of $54.81 and a one year high of $145.00. The company’s 50 day moving average price is $115.60 and its two-hundred day moving average price is $96.25.

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

Analyst Ratings Changes

Several research firms have weighed in on LRN. Canaccord Genuity Group raised their price target on Stride from $100.00 to $130.00 and gave the company a “buy” rating in a report on Monday, January 27th. BMO Capital Markets lifted their target price 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. Citigroup increased their price target on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Barrington Research lifted their price objective on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, StockNews.com cut Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Three investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

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.