Stride, Inc. (NYSE:LRN) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 27.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,493,709 shares of the company's stock after purchasing an additional 323,275 shares during the quarter. Janus Henderson Group PLC owned about 3.43% of Stride worth $155,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of LRN. R Squared Ltd acquired a new stake in Stride in the 4th quarter valued at about $37,000. CIBC Private Wealth Group LLC raised its position in Stride by 85.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after purchasing an additional 178 shares in the last quarter. Covestor Ltd raised its position in Stride by 51.6% in the 4th quarter. Covestor Ltd now owns 632 shares of the company's stock valued at $66,000 after purchasing an additional 215 shares in the last quarter. Gen Wealth Partners Inc acquired a new stake in Stride in the 4th quarter valued at about $75,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Stride in the 4th quarter valued at about $77,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on LRN. BMO Capital Markets reissued an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. 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. William Blair reissued an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Finally, Barrington Research raised their target price on Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $126.83.

Stride Stock Performance

LRN traded up $0.84 during trading on Friday, hitting $154.62. 724,296 shares of the stock were exchanged, compared to its average volume of 841,442. The firm has a market capitalization of $6.73 billion, a P/E ratio of 25.81, a PEG ratio of 1.04 and a beta of 0.36. Stride, Inc. has a 1-year low of $63.25 and a 1-year high of $162.30. The stock has a fifty day moving average price of $136.37 and a two-hundred day moving average price of $123.28. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.07). The firm had revenue of $613.38 million for the quarter, compared to analyst estimates of $591.15 million. Stride had a return on equity of 22.42% and a net margin of 12.30%. The company's quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the firm earned $1.60 EPS. As a group, sell-side analysts predict that Stride, Inc. will post 6.67 earnings per share for the current year.

About Stride

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.