3,505 Shares in Stride, Inc. (NYSE:LRN) Purchased by MRA Advisory Group

MRA Advisory Group bought a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,505 shares of the company's stock, valued at approximately $443,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Stride by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company's stock worth $485,706,000 after acquiring an additional 69,888 shares during the period. William Blair Investment Management LLC grew its holdings in Stride by 18.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock worth $256,397,000 after acquiring an additional 375,686 shares during the period. Janus Henderson Group PLC grew its holdings in Stride by 27.6% during the fourth quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company's stock worth $155,251,000 after acquiring an additional 323,275 shares during the period. Geode Capital Management LLC grew its holdings in Stride by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 970,395 shares of the company's stock worth $100,877,000 after acquiring an additional 5,694 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Stride by 293.1% during the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock worth $90,024,000 after acquiring an additional 645,835 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Trading Up 0.5%

NYSE:LRN opened at $144.41 on Friday. 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, Inc. has a fifty-two week low of $63.25 and a fifty-two week high of $162.30. The stock's 50-day moving average is $144.32 and its two-hundred day moving average is $128.04. The stock has a market cap of $6.28 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.04 and a beta of 0.35.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share 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 business had revenue of $613.38 million for the quarter, compared to analysts' expectations of $591.15 million. During the same period last year, the firm earned $1.60 EPS. The company's revenue was up 17.8% compared to the same quarter last year. As a group, equities research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on LRN shares. BMO Capital Markets reaffirmed an "outperform" rating on shares of Stride in a report on Thursday, May 1st. Wall Street Zen cut Stride from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. William Blair reissued an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Barrington Research lifted their price target on Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Canaccord Genuity Group lifted their price target on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Stride has a consensus rating of "Moderate Buy" and an average target price 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.

Want to see what other hedge funds are holding LRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stride, Inc. (NYSE:LRN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.