Semanteon Capital Management LP Makes New Investment in Stride, Inc. (NYSE:LRN)

Semanteon Capital Management LP acquired a new stake in shares of Stride, Inc. (NYSE:LRN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,457 shares of the company's stock, valued at approximately $775,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. R Squared Ltd bought a new position in Stride during the 4th quarter worth approximately $37,000. Smartleaf Asset Management LLC increased its holdings in shares of Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock valued at $79,000 after purchasing an additional 592 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Stride by 14.8% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company's stock worth $163,000 after acquiring an additional 199 shares during the period. SBI Securities Co. Ltd. bought a new position in Stride during the 4th quarter valued at $165,000. Finally, TD Private Client Wealth LLC grew its holdings in Stride by 27.7% during the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock worth $167,000 after acquiring an additional 426 shares during the period. Institutional investors own 98.24% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. BMO Capital Markets increased their price objective on Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Barrington Research reissued an "outperform" rating and set a $140.00 price objective on shares of Stride in a research note on Friday, March 14th. Finally, Canaccord Genuity Group boosted their target price on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $119.33.

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Stride Stock Down 0.4 %

NYSE LRN traded down $0.53 on Wednesday, reaching $126.60. The stock had a trading volume of 682,850 shares, compared to its average volume of 799,154. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00. The business has a 50 day moving average price of $129.29 and a 200 day moving average price of $106.80. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, analysts forecast that Stride, Inc. will post 6.67 EPS for the current fiscal 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.