Algert Global LLC Has $8.05 Million Stock Position in Stride, Inc. (NYSE:LRN)

Algert Global LLC raised its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 245.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,425 shares of the company's stock after acquiring an additional 55,037 shares during the period. Algert Global LLC owned approximately 0.18% of Stride worth $8,047,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LRN. R Squared Ltd acquired a new position in shares of Stride in the fourth quarter worth about $37,000. CIBC Private Wealth Group LLC lifted its stake in Stride by 85.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after acquiring an additional 178 shares during the last quarter. Covestor Ltd increased its holdings in shares of Stride by 51.6% during the 4th quarter. Covestor Ltd now owns 632 shares of the company's stock valued at $66,000 after acquiring an additional 215 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Stride in the fourth quarter valued at approximately $77,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after purchasing an additional 592 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Canaccord Genuity Group increased their price target on shares of Stride from $145.00 to $155.00 and gave the company a "buy" rating in a report on Monday, April 28th. Barrington Research raised their price objective on Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. BMO Capital Markets restated an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Finally, William Blair reiterated an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $126.83.

Stride Price Performance

Shares of NYSE:LRN traded down $0.47 during trading on Friday, reaching $156.21. The stock had a trading volume of 751,505 shares, compared to its average volume of 832,362. The stock has a market capitalization of $6.80 billion, a PE ratio of 26.08, a P/E/G ratio of 1.04 and a beta of 0.36. Stride, Inc. has a 52 week low of $63.25 and a 52 week high of $162.30. The business's 50-day moving average price is $133.51 and its 200 day moving average price is $120.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). The company had revenue of $613.38 million for the quarter, compared to the consensus estimate of $591.15 million. Stride had a return on equity of 22.42% and a net margin of 12.30%. The firm's revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 EPS. As a group, equities analysts predict that Stride, Inc. will post 6.67 earnings per share for the current year.

Stride Company 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.