Occudo Quantitative Strategies LP Makes New Investment in Stride, Inc. (NYSE:LRN)

Occudo Quantitative Strategies LP bought a new position in Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,450 shares of the company's stock, valued at approximately $566,000.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Stride by 293.1% in the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after purchasing an additional 645,835 shares in the last quarter. Norges Bank purchased a new position in Stride in the fourth quarter valued at about $45,306,000. Arrowstreet Capital Limited Partnership raised 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 in the last quarter. William Blair Investment Management LLC lifted its position in shares of Stride by 18.0% during 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 purchased a new stake in shares of Stride during the fourth quarter valued at about $36,694,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

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 stock an "outperform" rating in a research report on Wednesday, April 30th. Canaccord Genuity Group upped their price target on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. BMO Capital Markets reissued an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Finally, William Blair restated an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Stride has a consensus rating of "Moderate Buy" and a consensus price target of $126.83.

Stride Trading Down 0.1%

NYSE:LRN opened at $153.56 on Thursday. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $135.00 and a 200-day simple moving average of $122.00. Stride, Inc. has a 12 month low of $63.25 and a 12 month high of $162.30. The company has a market capitalization of $6.68 billion, a P/E ratio of 25.64, a PEG ratio of 1.04 and a beta of 0.36.

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 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 business's revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.60 EPS. On average, equities research analysts anticipate that Stride, Inc. will post 6.67 earnings per share 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.

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