Horizon Investment Services LLC purchased a new stake in shares of Stride, Inc. (NYSE:LRN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,105 shares of the company's stock, valued at approximately $323,000.
Several other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Stride by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,821 shares of the company's stock valued at $44,261,000 after buying an additional 16,114 shares in the last quarter. Townsquare Capital LLC grew its holdings in shares of Stride by 798.2% in the 3rd quarter. Townsquare Capital LLC now owns 27,044 shares of the company's stock worth $2,307,000 after acquiring an additional 24,033 shares during the last quarter. Cynosure Group LLC acquired a new stake in shares of Stride during the third quarter worth $373,000. Glenmede Trust Co. NA lifted its holdings in shares of Stride by 3.6% during the third quarter. Glenmede Trust Co. NA now owns 25,990 shares of the company's stock valued at $2,217,000 after purchasing an additional 910 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Stride by 4.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,421 shares of the company's stock valued at $1,145,000 after purchasing an additional 625 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.
Stride Stock Up 1.7 %
Shares of LRN traded up $2.20 during trading hours on Wednesday, reaching $131.32. The company's stock had a trading volume of 174,176 shares, compared to its average volume of 823,425. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 1.04 and a beta of 0.46. The company has a 50 day moving average of $130.65 and a two-hundred day moving average of $108.49.
Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. As a group, research analysts predict that Stride, Inc. will post 6.67 EPS for the current fiscal year.
Analyst Ratings Changes
LRN has been the topic of several recent analyst reports. BMO Capital Markets boosted their price objective on Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a report on Tuesday. Barrington Research reissued an "outperform" rating and issued a $140.00 target price on shares of Stride in a research report on Friday, March 14th. Morgan Stanley upped their price target on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group raised their price objective on shares of Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Stride presently has an average rating of "Moderate Buy" and a consensus target price of $120.17.
Check Out Our Latest Analysis on LRN
Stride Company Profile
(
Free Report)
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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