Corton Capital Inc. Makes New Investment in Stride, Inc. (NYSE:LRN)

Corton Capital Inc. acquired a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,937 shares of the company's stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Stride during the 4th quarter valued at $37,000. CIBC Private Wealth Group LLC lifted its position in shares of Stride by 85.6% during the 4th 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 period. Covestor Ltd lifted its position 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 period. C M Bidwell & Associates Ltd. bought a new stake in shares of Stride during the 4th quarter valued at $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 valued at $79,000 after acquiring an additional 592 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Price Performance

Shares of LRN stock traded down $0.47 on Friday, hitting $156.21. 751,515 shares of the company's stock were exchanged, compared to its average volume of 834,052. 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 $6.80 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36. Stride, Inc. has a 12 month low of $63.25 and a 12 month high of $162.30. The company has a 50 day moving average of $133.81 and a 200 day moving average of $121.15.

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

Analyst Upgrades and Downgrades

LRN has been the subject of several research analyst reports. William Blair restated an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Canaccord Genuity Group upped their price objective on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Barrington Research upped 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. Finally, BMO Capital Markets restated an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Stride has a consensus rating of "Moderate Buy" and a consensus price target of $126.83.

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.