Aigen Investment Management LP Buys Shares of 9,570 Stride, Inc. (NYSE:LRN)

Aigen Investment Management LP acquired a new stake in shares of Stride, Inc. (NYSE:LRN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 9,570 shares of the company's stock, valued at approximately $995,000.

Several other institutional investors have also added to or reduced their stakes in LRN. Principal Financial Group Inc. boosted its stake in shares of Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after purchasing an additional 645,835 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Stride by 72.4% in the third quarter. Victory Capital Management Inc. now owns 827,505 shares of the company's stock worth $70,594,000 after buying an additional 347,564 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Stride by 51.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company's stock valued at $79,326,000 after acquiring an additional 314,435 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Stride during the 3rd quarter worth approximately $21,044,000. Finally, Wellington Management Group LLP raised its position in shares of Stride by 416.7% in the 3rd quarter. Wellington Management Group LLP now owns 275,483 shares of the company's stock worth $23,501,000 after acquiring an additional 222,165 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors.

Stride Stock Down 7.4 %

Shares of Stride stock traded down $9.80 during midday trading on Friday, hitting $123.36. The company had a trading volume of 2,486,825 shares, compared to its average volume of 904,572. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The stock has a market capitalization of $5.37 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.04 and a beta of 0.46. The company has a 50 day moving average of $125.87 and a 200 day moving average of $103.22. Stride, Inc. has a 52-week low of $56.17 and a 52-week high of $145.00.

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Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping 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, equities analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barrington Research raised their target price on Stride from $130.00 to $140.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Canaccord Genuity Group raised 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. BMO Capital Markets raised their target price on Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Finally, Morgan Stanley raised their target price on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $116.83.

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.