Brevan Howard Capital Management LP Boosts Stock Holdings in Stride, Inc. (NYSE:LRN)

Brevan Howard Capital Management LP boosted its position in Stride, Inc. (NYSE:LRN - Free Report) by 175.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,906 shares of the company's stock after acquiring an additional 10,773 shares during the quarter. Brevan Howard Capital Management LP's holdings in Stride were worth $1,757,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Cat Rock Capital Management LP acquired a new stake in shares of Stride in the 4th quarter valued at $36,694,000. Balyasny Asset Management L.P. lifted its holdings in Stride by 368.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 84,237 shares of the company's stock worth $8,755,000 after buying an additional 66,260 shares during the last quarter. Bayesian Capital Management LP boosted its position in shares of Stride by 263.8% during the 4th quarter. Bayesian Capital Management LP now owns 21,100 shares of the company's stock worth $2,193,000 after acquiring an additional 15,300 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Stride in the 4th quarter valued at about $29,514,000. Finally, Algert Global LLC raised its position in shares of Stride by 245.8% during the 4th quarter. Algert Global LLC now owns 77,425 shares of the company's stock worth $8,047,000 after acquiring an additional 55,037 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

Stride Stock Performance

LRN stock traded down $0.47 on Friday, hitting $156.21. The company's stock had a trading volume of 751,515 shares, compared to its average volume of 832,380. 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 stock has a market cap of $6.80 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth 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 firm has a 50 day moving average of $133.81 and a two-hundred day moving average of $120.74.

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

Analysts Set New Price Targets

LRN has been the subject of a number of research analyst reports. Barrington Research upped their price target on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. BMO Capital Markets restated an "outperform" rating on shares of Stride in a report on Thursday, May 1st. Canaccord Genuity Group lifted their price target on shares of Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Finally, William Blair reissued an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.