Aquatic Capital Management LLC Has $8.94 Million Stock Holdings in Stride, Inc. (NYSE:LRN)

Aquatic Capital Management LLC raised its stake in Stride, Inc. (NYSE:LRN - Free Report) by 223.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,027 shares of the company's stock after acquiring an additional 59,427 shares during the period. Aquatic Capital Management LLC owned approximately 0.20% of Stride worth $8,941,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LRN shares. Barrington Research increased their target price on shares of Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday. Canaccord Genuity Group boosted their target price on shares of Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday. BMO Capital Markets raised their price objective on Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Finally, William Blair reiterated an "outperform" rating on shares of Stride in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $126.83.

Stride Trading Up 5.9 %

LRN stock traded up $8.43 during midday trading on Thursday, hitting $150.68. The stock had a trading volume of 1,621,402 shares, compared to its average volume of 832,543. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The firm has a market cap of $6.56 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 1.04 and a beta of 0.47. The business has a fifty day moving average price of $130.86 and a two-hundred day moving average price of $116.35. Stride, Inc. has a 1-year low of $63.25 and a 1-year high of $151.31.

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