Nomura Asset Management Co. Ltd. Sells 945 Shares of Stride, Inc. (NYSE:LRN) (2024)

Posted by Defense World Staff on Jun 3rd, 2024

Nomura Asset Management Co. Ltd. Sells 945 Shares of Stride, Inc. (NYSE:LRN) (1)Nomura Asset Management Co. Ltd. trimmed its stake in Stride, Inc. (NYSE:LRNFree Report) by 30.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,197 shares of the company’s stock after selling 945 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Stride were worth $130,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sigma Planning Corp purchased a new stake in Stride during the third quarter valued at approximately $324,000. Banco Santander S.A. grew its stake in Stride by 11.5% during the 3rd quarter. Banco Santander S.A. now owns 22,318 shares of the company’s stock worth $1,005,000 after buying an additional 2,306 shares during the last quarter. Swiss National Bank increased its position in Stride by 0.8% during the 3rd quarter. Swiss National Bank now owns 89,900 shares of the company’s stock valued at $4,048,000 after buying an additional 700 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Stride in the third quarter valued at about $263,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Stride by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 531,030 shares of the company’s stock worth $23,912,000 after acquiring an additional 8,754 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Stride Stock Performance

Shares of NYSE LRN opened at $68.66 on Monday. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 0.75 and a beta of 0.27. Stride, Inc. has a 12 month low of $35.61 and a 12 month high of $73.32. The company has a 50 day simple moving average of $65.64 and a two-hundred day simple moving average of $61.89. The company has a current ratio of 4.29, a quick ratio of 4.21 and a debt-to-equity ratio of 0.40.

Stride (NYSE:LRNGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.47 by $0.13. The company had revenue of $520.84 million for the quarter, compared to analyst estimates of $507.89 million. Stride had a net margin of 9.29% and a return on equity of 18.29%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.30 earnings per share. As a group, analysts predict that Stride, Inc. will post 4.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LRN. BMO Capital Markets increased their price objective on shares of Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, Barrington Research reissued an “outperform” rating and set a $75.00 price objective on shares of Stride in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Read Our Latest Report on Stride

Stride Company Profile

(Free Report)

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.

See Also

Want to see what other hedge funds are holding LRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stride, Inc. (NYSE:LRNFree Report).

Nomura Asset Management Co. Ltd. Sells 945 Shares of Stride, Inc. (NYSE:LRN) (2)

Receive News & Ratings for Stride Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stride and related companies with MarketBeat.com's FREE daily email newsletter.

You might be interested in:

Nomura Asset Management Co. Ltd. Sells 945 Shares of Stride, Inc. (NYSE:LRN) (3)

TFO Wealth Partners LLC Increases Stock Holdings in Xylem Inc.

Nomura Asset Management Co. Ltd. Sells 945 Shares of Stride, Inc. (NYSE:LRN) (4)

BCE Inc. Shares Sold by Parallel Advisors LLC

Nomura Asset Management Co. Ltd. Sells 945 Shares of Stride, Inc. (NYSE:LRN) (5)

Advisory Services Network LLC Reduces Stock Holdings in EQT Co.

Nomura Asset Management Co. Ltd. Sells 945 Shares of Stride, Inc. (NYSE:LRN) (6)

Parallel Advisors LLC Trims Stock Holdings in Relx Plc

Nomura Asset Management Co. Ltd. Sells 945 Shares of Stride, Inc. (NYSE:LRN) (7)

Allianz Asset Management GmbH Decreases Holdings in State Street Co.

Nomura Asset Management Co. Ltd. Sells 945 Shares of Stride, Inc. (NYSE:LRN) (8)

Allianz Asset Management GmbH Sells 58,049 Shares of Vishay Intertechnology, Inc.


Nomura Asset Management Co. Ltd. Sells 945 Shares of Stride, Inc. (NYSE:LRN) (2024)

FAQs

What is stride LRN? ›

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.

Who owns Nomura? ›

Nomura Securities Co., Ltd. is a Japanese financial services company and a wholly owned subsidiary of Nomura Holdings, Inc. (NHI), which forms part of the Nomura Group.

What is the stock symbol for stride bank? ›

Common Stock (LRN)

How big is Nomura asset management? ›

NAM-Tokyo, together with its investment management subsidiaries, is referred to as Nomura Asset Management or the NAM Group. The NAM Group manages approximately USD $561 billion (as of March 31, 2024) utilizing the expertise of 226 portfolio managers and 126 research analysts globally.

Is LRN a good stock? ›

LRN Stock Forecast FAQ

Stride has a consensus rating of Strong Buy which is based on 3 buy ratings, 1 hold ratings and 0 sell ratings. The average price target for Stride is $73.75. This is based on 4 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

What is LRN? ›

The Learner Reference Number (LRN) is a twelve digit number assigned by the Department of Education (DepEd) to a student throughout his/her basic education in the Philippines.

Is Nomura better than JP Morgan? ›

J.P. Morgan scored higher in 9 areas: Overall rating, Culture and values, Diversity and inclusion, Senior management, Compensation & Benefits, Career opportunities, CEO approval, Recommend to a friend and Positive Business Outlook. Nomura Holdings scored higher in 1 area: Work-life balance.

What is Nomura famous for? ›

Nomura is a leading global financial services group and the preeminent Asian-based investment bank with worldwide reach.

Is Nomura a top bank? ›

Nomura. Nomura is global investment banking powerhouse based in Japan. The firm's top-notch internship program gives students live deal experience, hands-on training, and the ability to rotate through various groups.

What bank owns Stride? ›

The bank has not changed ownership or been sold. Central National Bank of Enid is now Stride Bank. Brand reveal video. "Our industry is changing rapidly," says Brud Baker, Chairman of Stride Bank.

Who bought stride? ›

Liquid Friday, a Portsmouth, UK-based provider of umbrella and contract support services, acquired Jobs platform Stride (formerly JobLab). The amount of the deal was not disclosed. Liquid Friday will incorporate Stride's proprietary end-to-end technology into a new solution.

Is stride a US bank? ›

Stride Bank is an Oklahoma-based financial institution that was founded in Enid, OK in 1913.

Is STRIDE a legit company? ›

(formerly K12 Inc.) is a for-profit education company that provides online and blended education programs.

What does STRIDE count mean? ›

Stride rate is the number of steps taken per minute during your run, while stride length is the distance taken between each step.

What is the K12 STRIDE controversy? ›

In 2016 K12 got in yet another round of trouble in California for lying about student enrollment, resulting in a $165 million settlement with then Attorney General Kamala Harris. K12 was repeatedly dropped in some states and cities for poor performance.

What is the STRIDE program? ›

STRIDE is a supervised walking program for older Veterans admitted to the hospital with medical illness. STRIDE features an early assessment, supervised ambulation, and patient education about the importance of daily walking, all designed to ensure patient safety during program participation.

Top Articles
Latest Posts
Article information

Author: Terence Hammes MD

Last Updated:

Views: 6480

Rating: 4.9 / 5 (49 voted)

Reviews: 88% of readers found this page helpful

Author information

Name: Terence Hammes MD

Birthday: 1992-04-11

Address: Suite 408 9446 Mercy Mews, West Roxie, CT 04904

Phone: +50312511349175

Job: Product Consulting Liaison

Hobby: Jogging, Motor sports, Nordic skating, Jigsaw puzzles, Bird watching, Nordic skating, Sculpting

Introduction: My name is Terence Hammes MD, I am a inexpensive, energetic, jolly, faithful, cheerful, proud, rich person who loves writing and wants to share my knowledge and understanding with you.