Victory Capital Management Inc. Boosts Holdings in Stride, Inc. (NYSE:LRN)

Victory Capital Management Inc. increased its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 85.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,330 shares of the company's stock after buying an additional 12,134 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of Stride worth $1,563,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LRN. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Stride during the 4th quarter worth approximately $29,000. McIlrath & Eck LLC bought a new position in shares of Stride in the 3rd quarter valued at $31,000. Strs Ohio acquired a new position in shares of Stride during the 4th quarter worth $47,000. GAMMA Investing LLC acquired a new stake in Stride in the fourth quarter valued at about $65,000. Finally, Nisa Investment Advisors LLC grew its position in Stride by 156.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,310 shares of the company's stock valued at $78,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 98.24% of the company's stock.

Stride Trading Down 0.5 %

Shares of NYSE:LRN traded down $0.32 during mid-day trading on Friday, reaching $70.21. 546,483 shares of the company's stock were exchanged, compared to its average volume of 835,147. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.21 and a current ratio of 4.29. Stride, Inc. has a twelve month low of $35.61 and a twelve month high of $73.32. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.77 and a beta of 0.26. The business's fifty day moving average price is $64.06 and its 200-day moving average price is $60.93.

Stride (NYSE:LRN - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.47 by $0.13. Stride had a return on equity of 18.29% and a net margin of 9.29%. The firm had revenue of $520.84 million for the quarter, compared to the consensus estimate of $507.89 million. During the same period in the previous year, the business earned $1.30 EPS. The business's quarterly revenue was up 10.7% compared to the same quarter last year. On average, research analysts predict that Stride, Inc. will post 4.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LRN. BMO Capital Markets increased their target price on shares of Stride from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday, April 25th. Morgan Stanley boosted their target price on shares of Stride from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 24th. StockNews.com cut Stride from a "buy" rating to a "hold" rating in a research note on Thursday, April 25th. Wedbush reissued an "outperform" rating on shares of Stride in a report on Wednesday, January 24th. Finally, Citigroup upped their target price on Stride from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Monday, January 29th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Stride presently has an average rating of "Moderate Buy" and a consensus price target of $72.00.

About Stride

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.