Cubist Systematic Strategies LLC Increases Stock Holdings in Stride, Inc. (NYSE:LRN)

Cubist Systematic Strategies LLC boosted its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 97.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,973 shares of the company's stock after purchasing an additional 114,788 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.53% of Stride worth $24,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Mutual of America Capital Management LLC lifted its stake in Stride by 1.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company's stock worth $675,000 after acquiring an additional 93 shares in the last quarter. Arizona State Retirement System lifted its stake in Stride by 0.8% during the fourth quarter. Arizona State Retirement System now owns 11,932 shares of the company's stock worth $1,240,000 after purchasing an additional 99 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Stride by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company's stock valued at $2,151,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Stride by 1.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company's stock worth $1,047,000 after purchasing an additional 100 shares in the last quarter. Finally, Bosun Asset Management LLC boosted its holdings in shares of Stride by 1.4% in the fourth quarter. Bosun Asset Management LLC now owns 8,292 shares of the company's stock valued at $862,000 after acquiring an additional 111 shares during the period. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on LRN. William Blair restated an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Barrington Research raised their target price on shares of 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 lifted their price objective on Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Finally, Canaccord Genuity Group increased their price target on Stride from $145.00 to $155.00 and gave the company a "buy" rating in a report on Monday, April 28th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Stride presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.83.

Stride Stock Up 0.7 %

NYSE:LRN opened at $160.63 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The stock has a 50-day simple moving average of $132.24 and a 200 day simple moving average of $118.92. Stride, Inc. has a one year low of $63.25 and a one year high of $162.30. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36.

Stride (NYSE:LRN - Get Free Report) last posted its earnings results 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 company had revenue of $613.38 million during the quarter, compared to the consensus estimate of $591.15 million. During the same quarter in the previous year, the business posted $1.60 earnings per share. The business's quarterly revenue was up 17.8% compared to the same quarter last year. Sell-side analysts predict that Stride, Inc. will post 6.67 EPS 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.

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