Duncan Williams Asset Management LLC Invests $558,000 in Stride, Inc. (NYSE:LRN)

Duncan Williams Asset Management LLC bought a new stake in Stride, Inc. (NYSE:LRN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,413 shares of the company's stock, valued at approximately $558,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. acquired a new stake in Stride during the 4th quarter worth $5,696,000. Rhumbline Advisers increased its holdings in Stride by 0.8% in the fourth quarter. Rhumbline Advisers now owns 116,744 shares of the company's stock valued at $12,133,000 after buying an additional 908 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Stride by 293.1% during the 4th 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 in the last quarter. Truist Financial Corp purchased a new stake in Stride in the 4th quarter valued at approximately $302,000. Finally, Handelsbanken Fonder AB grew its stake in Stride by 33.8% in the 4th quarter. Handelsbanken Fonder AB now owns 10,300 shares of the company's stock worth $1,070,000 after acquiring an additional 2,600 shares during the period. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Trading Up 0.1%

NYSE LRN traded up $0.14 on Thursday, reaching $144.64. The company had a trading volume of 390,579 shares, compared to its average volume of 854,272. The company has a quick ratio of 5.53, a current ratio of 5.61 and a debt-to-equity ratio of 0.33. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.02 and a beta of 0.35. The stock's 50 day moving average is $146.86 and its 200-day moving average is $130.38. Stride, Inc. has a 52 week low of $63.25 and a 52 week high of $162.30.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). Stride had a return on equity of 23.36% and a net margin of 13.10%. The firm had revenue of $613.38 million for the quarter, compared to the consensus estimate of $591.15 million. During the same period in the prior year, the business earned $1.60 earnings per share. The company's revenue for the quarter was up 17.8% compared to the same quarter last year. Equities analysts predict that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Stride from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. BMO Capital Markets reissued an "outperform" rating on shares of Stride in a report on Thursday, May 1st. Canaccord Genuity Group increased their target price on shares of Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Barrington Research boosted their price target on shares of Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, William Blair reiterated an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently 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.