Stride, Inc. (NYSE:LRN) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC reduced its holdings in Stride, Inc. (NYSE:LRN) by 16.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,149 shares of the company’s stock after selling 1,406 shares during the quarter. Legato Capital Management LLC’s holdings in Stride were worth $743,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. purchased a new position in Stride in the third quarter worth $430,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Stride during the 4th quarter worth $340,000. Quest Partners LLC increased its holdings in shares of Stride by 20,248.8% in the 3rd quarter. Quest Partners LLC now owns 8,343 shares of the company’s stock valued at $712,000 after purchasing an additional 8,302 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Stride by 8,431.7% in the third quarter. International Assets Investment Management LLC now owns 5,119 shares of the company’s stock valued at $437,000 after purchasing an additional 5,059 shares during the period. Finally, Longboard Asset Management LP purchased a new stake in Stride during the fourth quarter worth about $226,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Canaccord Genuity Group increased their target price on shares of Stride from $100.00 to $130.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barrington Research raised their price objective on Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. BMO Capital Markets lifted their price objective on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Citigroup lifted their price target on Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Stride has a consensus rating of “Moderate Buy” and a consensus target price of $116.83.

Stride Price Performance

LRN stock opened at $139.37 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The stock’s 50 day moving average price is $116.17 and its 200 day moving average price is $96.55. The firm has a market cap of $6.07 billion, a P/E ratio of 23.27, a PEG ratio of 1.04 and a beta of 0.32. Stride, Inc. has a 1 year low of $54.81 and a 1 year high of $145.00.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, sell-side analysts expect 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.