Mariner LLC Purchases 3,698 Shares of Stride, Inc. (NYSE:LRN)

Mariner LLC increased its stake in Stride, Inc. (NYSE:LRN - Free Report) by 28.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,905 shares of the company's stock after buying an additional 3,698 shares during the quarter. Mariner LLC's holdings in Stride were worth $1,757,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of LRN. Vanguard Group Inc. boosted its holdings in Stride by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company's stock worth $485,706,000 after purchasing an additional 69,888 shares during the period. William Blair Investment Management LLC raised its position 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 acquiring an additional 375,686 shares in the last quarter. Geode Capital Management LLC raised its position in Stride by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 970,395 shares of the company's stock worth $100,877,000 after acquiring an additional 5,694 shares in the last quarter. Principal Financial Group Inc. raised its holdings in 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 buying an additional 645,835 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Stride by 120.6% during the 4th quarter. Wellington Management Group LLP now owns 607,581 shares of the company's stock worth $63,146,000 after buying an additional 332,098 shares during the period. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Trading Down 0.2 %

Stride stock traded down $0.35 during mid-day trading on Wednesday, hitting $142.24. The company's stock had a trading volume of 2,094,239 shares, compared to its average volume of 829,387. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 1.04 and a beta of 0.47. The business has a 50 day moving average price of $130.86 and a 200-day moving average price of $116.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. Stride, Inc. has a 12 month low of $63.25 and a 12 month high of $148.03.

Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing analysts' consensus estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 earnings per share. As a group, analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

Wall Street Analyst Weigh In

LRN has been the topic of a number of recent research reports. William Blair restated an "outperform" rating on shares of Stride in a report on Wednesday. BMO Capital Markets boosted their price target on shares of Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Canaccord Genuity Group lifted their target price on Stride from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Monday. Finally, Barrington Research boosted their target price on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.83.

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.