Bryce Point Capital LLC Acquires Shares of 5,197 Stride, Inc. (NYSE:LRN)

Bryce Point Capital LLC bought a new stake in shares of Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,197 shares of the company's stock, valued at approximately $540,000.

A number of other large investors have also added to or reduced their stakes in LRN. Asset Management One Co. Ltd. purchased a new position in Stride in the 4th quarter worth $5,696,000. Congress Asset Management Co. grew its position in shares of Stride by 8.2% in the 4th quarter. Congress Asset Management Co. now owns 578,540 shares of the company's stock worth $60,128,000 after buying an additional 43,829 shares during the period. Aigen Investment Management LP bought a new position in shares of Stride during the fourth quarter valued at approximately $995,000. Truist Financial Corp purchased a new position in Stride during the fourth quarter valued at $302,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Stride by 61.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company's stock worth $20,250,000 after purchasing an additional 72,518 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

Stride Price Performance

Shares of LRN traded up $9.08 during mid-day trading on Wednesday, hitting $133.53. 1,189,157 shares of the stock were exchanged, compared to its average volume of 836,041. The firm has a 50-day moving average of $131.38 and a two-hundred day moving average of $110.65. Stride, Inc. has a 52-week low of $56.17 and a 52-week high of $145.00. 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 company has a market cap of $5.81 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.04 and a beta of 0.47.

Remove Ads

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, 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%. On average, equities analysts predict that Stride, Inc. will post 6.67 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley upped their price objective on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. BMO Capital Markets boosted their target price on shares of Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Barrington Research reaffirmed an "outperform" rating and issued a $140.00 price objective on shares of Stride in a research note on Friday, March 14th. Finally, Canaccord Genuity Group lifted their target price on shares of Stride from $135.00 to $145.00 and gave the company 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 issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $120.17.

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.