Stride, Inc. (NYSE:LRN) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its stake in Stride, Inc. (NYSE:LRN) by 208.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 46,891 shares of the company’s stock after acquiring an additional 31,701 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Stride were worth $4,873,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Wolverine Asset Management LLC increased its position in shares of Stride by 11.3% in the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock valued at $187,000 after purchasing an additional 183 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Stride by 33.8% in the 4th quarter. Handelsbanken Fonder AB now owns 10,300 shares of the company’s stock valued at $1,070,000 after acquiring an additional 2,600 shares during the last quarter. Truist Financial Corp acquired a new stake in shares of Stride during the 4th quarter worth about $302,000. Principal Financial Group Inc. lifted its stake in Stride by 293.1% during the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock worth $90,024,000 after purchasing an additional 645,835 shares during the last quarter. Finally, Congress Asset Management Co. boosted its holdings in Stride by 8.2% in the fourth quarter. Congress Asset Management Co. now owns 578,540 shares of the company’s stock valued at $60,128,000 after purchasing an additional 43,829 shares in the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Down 0.2 %

Shares of NYSE:LRN opened at $134.49 on Friday. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The stock has a market cap of $5.86 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.04 and a beta of 0.32. The firm has a fifty day moving average price of $122.20 and a 200 day moving average price of $100.83.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating 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%. Sell-side analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barrington Research raised 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. Canaccord Genuity Group lifted their price target on shares of Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Morgan Stanley boosted their price target on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets raised 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Stride has an average rating of “Moderate Buy” and an average price target 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.