Fort Washington Investment Advisors Inc. OH Cuts Stake in Stride, Inc. (NYSE:LRN)

Fort Washington Investment Advisors Inc. OH decreased its stake in Stride, Inc. (NYSE:LRN - Free Report) by 26.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,630 shares of the company's stock after selling 78,902 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.50% of Stride worth $27,404,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Stride by 293.1% in the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock worth $90,024,000 after purchasing an additional 645,835 shares during the period. Congress Asset Management Co. grew its holdings in Stride by 102.2% in the first quarter. Congress Asset Management Co. now owns 1,169,748 shares of the company's stock worth $147,973,000 after purchasing an additional 591,208 shares during the period. Norges Bank acquired a new stake in Stride in the fourth quarter worth $45,306,000. Arrowstreet Capital Limited Partnership grew its holdings in Stride by 783.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company's stock worth $47,095,000 after purchasing an additional 401,838 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in Stride by 18.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock worth $256,397,000 after purchasing an additional 375,686 shares during the period. Institutional investors own 98.24% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LRN shares. Barrington Research lifted their price objective on shares of Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Canaccord Genuity Group upped their target price on Stride from $145.00 to $155.00 and gave the company a "buy" rating in a report on Monday, April 28th. William Blair reiterated an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Wall Street Zen lowered Stride from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a report on Thursday, May 1st. Three equities research 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 currently has an average rating of "Moderate Buy" and an average price target of $126.83.

Stride Stock Performance

LRN traded up $0.25 during midday trading on Monday, hitting $143.50. 439,303 shares of the company traded hands, compared to its average volume of 854,890. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $6.25 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 1.04 and a beta of 0.35. The company's 50-day moving average is $146.42 and its 200 day moving average is $130.18. 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 released its earnings results 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). The firm had revenue of $613.38 million during the quarter, compared to analysts' expectations of $591.15 million. Stride had a return on equity of 22.42% and a net margin of 12.30%. The company's revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.60 earnings per share. On average, research analysts expect that Stride, Inc. will post 6.67 EPS for the current year.

Stride 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.