SG Americas Securities LLC Purchases 425,524 Shares of Stride, Inc. $LRN

SG Americas Securities LLC boosted its position in shares of Stride, Inc. (NYSE:LRN) by 325.0% in the fourth quarter, Holdings Channel reports. The fund owned 556,452 shares of the company’s stock after acquiring an additional 425,524 shares during the period. SG Americas Securities LLC’s holdings in Stride were worth $36,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Stride by 78.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after purchasing an additional 85 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Stride by 3.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,173 shares of the company’s stock worth $461,000 after purchasing an additional 94 shares during the last quarter. Trail Ridge Investment Advisors LLC lifted its position in shares of Stride by 1.8% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 5,454 shares of the company’s stock worth $812,000 after purchasing an additional 96 shares during the last quarter. Campbell Newman Asset Management Inc. boosted its stake in Stride by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 24,272 shares of the company’s stock valued at $3,615,000 after purchasing an additional 101 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its stake in Stride by 5.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,168 shares of the company’s stock valued at $323,000 after purchasing an additional 111 shares during the period. 98.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LRN has been the topic of several recent analyst reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Stride in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Morgan Stanley dropped their target price on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Finally, Barrington Research reiterated an “outperform” rating and set a $125.00 target price on shares of Stride in a research note on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Stride has an average rating of “Hold” and a consensus price target of $109.75.

Stride Trading Up 2.2%

Shares of LRN opened at $88.70 on Thursday. Stride, Inc. has a 12-month low of $60.61 and a 12-month high of $171.17. The company has a quick ratio of 7.19, a current ratio of 7.27 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 0.53 and a beta of 0.12. The stock’s 50-day moving average price is $82.82 and its 200 day moving average price is $92.99.

About Stride

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.