Castellan Group Has $931,000 Stake in Stride, Inc. (NYSE:LRN)

Castellan Group cut its stake in Stride, Inc. (NYSE:LRN) by 36.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LRN. Congress Asset Management Co. bought a new stake in Stride during the third quarter worth $45,616,000. Victory Capital Management Inc. grew its stake in shares of Stride by 72.4% in the 3rd quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock worth $70,594,000 after acquiring an additional 347,564 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings 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 valued at $79,326,000 after purchasing an additional 314,435 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Stride during the third quarter valued at about $21,044,000. Finally, Wellington Management Group LLP boosted its holdings 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 purchasing an additional 222,165 shares during the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Stock Up 1.2 %

LRN stock opened at $140.62 on Thursday. The stock has a fifty day moving average of $115.60 and a 200-day moving average of $96.25. Stride, Inc. has a fifty-two week low of $54.81 and a fifty-two week high of $145.00. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 23.48, a PEG 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 (NYSE:LRN) last issued its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share 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, equities research analysts predict that Stride, Inc. will post 6.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LRN shares. Barrington Research increased their price objective on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group increased their price target on Stride from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Morgan Stanley lifted their price target on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their target price on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $116.83.

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.