Stride, Inc. (NYSE:LRN) Shares Bought by Entropy Technologies LP

Entropy Technologies LP grew its stake in Stride, Inc. (NYSE:LRN) by 47.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,623 shares of the company’s stock after acquiring an additional 2,445 shares during the quarter. Entropy Technologies LP’s holdings in Stride were worth $792,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LRN. Janus Henderson Group PLC grew its position in Stride by 1.1% in the third quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company’s stock worth $99,851,000 after acquiring an additional 13,050 shares during the period. Geode Capital Management LLC grew its holdings in shares of Stride by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock worth $82,315,000 after purchasing an additional 35,349 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Stride by 51.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock worth $79,326,000 after purchasing an additional 314,435 shares during the period. Victory Capital Management Inc. increased its position in shares of Stride by 72.4% during the 3rd quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock worth $70,594,000 after purchasing an additional 347,564 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in Stride by 0.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 753,728 shares of the company’s stock valued at $64,286,000 after buying an additional 5,278 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

NYSE:LRN opened at $139.01 on Wednesday. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $145.00. The company has a fifty day simple moving average of $115.00 and a two-hundred day simple moving average of $95.94. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32.

Stride (NYSE:LRN) last released its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping 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%. As a group, equities analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.