6,654 Shares in Stride, Inc. (NYSE:LRN) Acquired by Advisors Preferred LLC

Advisors Preferred LLC bought a new position in Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,654 shares of the company's stock, valued at approximately $708,000.

A number of other institutional investors have also made changes to their positions in the company. Bleakley Financial Group LLC boosted its holdings in Stride by 14.2% in the fourth quarter. Bleakley Financial Group LLC now owns 4,400 shares of the company's stock worth $457,000 after purchasing an additional 547 shares during the period. Choreo LLC bought a new position in shares of Stride in the 4th quarter worth about $588,000. Longboard Asset Management LP acquired a new position in shares of Stride in the 4th quarter valued at about $226,000. OLD National Bancorp IN bought a new stake in shares of Stride during the 4th quarter valued at about $206,000. Finally, Highland Capital Management LLC bought a new stake in shares of Stride during the 4th quarter valued at about $209,000. 98.24% of the stock is currently owned by institutional investors.

Stride Price Performance

LRN traded up $1.65 on Wednesday, reaching $140.62. The company had a trading volume of 519,330 shares, compared to its average volume of 974,987. The company has a market capitalization of $6.12 billion, a P/E ratio of 23.48, a PEG ratio of 1.04 and a beta of 0.32. 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 company has a fifty day moving average of $115.60 and a 200-day moving average of $96.25. Stride, Inc. has a one year low of $54.81 and a one year high of $145.00.

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

Analyst Ratings Changes

LRN has been the subject of a number of research reports. Canaccord Genuity Group lifted their target price on Stride from $100.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Morgan Stanley upped their price objective on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Citigroup raised their target price on Stride from $90.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. StockNews.com lowered shares of Stride from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their price objective on shares of Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Stride has a consensus rating of "Moderate Buy" and an average price target of $116.83.

About Stride

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.