Elevation Point Wealth Partners LLC acquired a new position in Stride, Inc. (NYSE:LRN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,604 shares of the company's stock, valued at approximately $582,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Mutual of America Capital Management LLC increased its holdings in shares of Stride by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company's stock valued at $675,000 after buying an additional 93 shares in the last quarter. Arizona State Retirement System raised its holdings in Stride by 0.8% during the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company's stock worth $1,240,000 after buying an additional 99 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Stride by 1.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company's stock worth $1,047,000 after buying an additional 100 shares during the period. Bosun Asset Management LLC lifted its stake in Stride by 1.4% during the fourth quarter. Bosun Asset Management LLC now owns 8,292 shares of the company's stock valued at $862,000 after buying an additional 111 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Stride by 85.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after buying an additional 178 shares during the period. 98.24% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on LRN shares. William Blair restated an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Wall Street Zen downgraded shares of Stride from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Canaccord Genuity Group raised their target price 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 lifted their price target on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Three investment 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 has a consensus rating of "Moderate Buy" and an average price target of $126.83.
View Our Latest Research Report on Stride
Stride Stock Up 0.4%
LRN stock traded up $0.59 during midday trading on Tuesday, reaching $144.29. The company had a trading volume of 404,700 shares, compared to its average volume of 853,097. The company has a 50 day moving average of $146.42 and a two-hundred day moving average of $130.18. The company has a market capitalization of $6.28 billion, a P/E ratio of 22.42, a PEG ratio of 1.01 and a beta of 0.35. Stride, Inc. has a 1 year low of $63.25 and a 1 year high of $162.30. The company has a current ratio of 5.61, a quick ratio of 5.53 and a debt-to-equity ratio of 0.33.
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 the consensus estimate 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 analysts' expectations of $591.15 million. During the same quarter in the prior year, the business posted $1.60 earnings per share. Stride's revenue was up 17.8% on a year-over-year basis. On average, equities research analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.
Stride Company Profile
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Free Report)
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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