Schonfeld Strategic Advisors LLC Increases Stock Position in Stride, Inc. (NYSE:LRN)

Schonfeld Strategic Advisors LLC grew its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 549.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,090 shares of the company's stock after acquiring an additional 42,378 shares during the period. Schonfeld Strategic Advisors LLC owned 0.12% of Stride worth $5,206,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northern Trust Corp grew its holdings in shares of Stride by 9.8% during the fourth quarter. Northern Trust Corp now owns 461,954 shares of the company's stock worth $48,011,000 after purchasing an additional 41,205 shares during the last quarter. Aquatic Capital Management LLC raised its stake in shares of Stride by 223.4% during the 4th quarter. Aquatic Capital Management LLC now owns 86,027 shares of the company's stock worth $8,941,000 after purchasing an additional 59,427 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Stride during the 4th quarter worth approximately $1,209,000. Oberweis Asset Management Inc. raised its stake in Stride by 80.6% in the 4th quarter. Oberweis Asset Management Inc. now owns 207,300 shares of the company's stock worth $21,545,000 after purchasing an additional 92,500 shares in the last quarter. Finally, Hancock Whitney Corp raised its holdings in Stride by 13.6% in the 4th quarter. Hancock Whitney Corp now owns 3,253 shares of the company's stock valued at $338,000 after acquiring an additional 390 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

Analysts Set New Price Targets

LRN has been the subject of a number of research reports. William Blair reiterated an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Canaccord Genuity Group upped their target price on Stride from $145.00 to $155.00 and gave the company a "buy" rating in a report on Monday, April 28th. BMO Capital Markets restated an "outperform" rating on shares of Stride in a report on Thursday, May 1st. Finally, Barrington Research lifted their target price on shares of Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $126.83.

Stride Price Performance

LRN traded down $0.71 on Thursday, hitting $158.12. 270,797 shares of the company's stock traded hands, compared to its average volume of 832,129. Stride, Inc. has a one year low of $63.25 and a one year high of $162.30. 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 market cap of $6.88 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 1.04 and a beta of 0.36. The company's 50 day simple moving average is $133.15 and its 200-day simple moving average is $119.47.

Stride (NYSE:LRN - Get Free Report) last announced its 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). The business had revenue of $613.38 million for the quarter, compared to analysts' expectations of $591.15 million. Stride had a net margin of 12.30% and a return on equity of 22.42%. The firm's quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 EPS. As a group, research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current year.

Stride Company 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.