Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Stride, Inc. (NYSE:LRN)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 44,739 shares of the company's stock, valued at approximately $4,650,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Stride at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised 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 purchasing an additional 645,835 shares during the last quarter. Norges Bank purchased a new stake in Stride during the fourth quarter valued at about $45,306,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Stride by 783.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company's stock valued at $47,095,000 after acquiring an additional 401,838 shares during the period. William Blair Investment Management LLC increased 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 valued at $256,397,000 after buying an additional 375,686 shares during the last quarter. Finally, Cat Rock Capital Management LP acquired a new position in Stride in the fourth quarter worth $36,694,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Stride Price Performance

NYSE:LRN traded down $15.26 during mid-day trading on Tuesday, reaching $143.07. 2,304,565 shares of the company were exchanged, compared to its average volume of 852,765. 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 stock has a market cap of $6.23 billion, a PE ratio of 23.89, a PEG ratio of 1.04 and a beta of 0.36. Stride, Inc. has a 12 month low of $63.25 and a 12 month high of $162.30. The company has a fifty day moving average of $143.32 and a 200 day moving average of $127.53.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $613.38 million during the quarter, compared to the consensus estimate of $591.15 million. Stride had a return on equity of 22.42% and a net margin of 12.30%. The business's revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 EPS. On average, research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LRN has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Stride from a "buy" rating to a "hold" rating in a research report on Friday. BMO Capital Markets restated an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. William Blair reiterated an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Canaccord Genuity Group boosted their target price on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Finally, Barrington Research increased their price target on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company 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.