Capula Management Ltd Buys Shares of 4,611 Stride, Inc. (NYSE:LRN)

Capula Management Ltd purchased a new position in Stride, Inc. (NYSE:LRN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,611 shares of the company's stock, valued at approximately $479,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Stride in the fourth quarter valued at approximately $37,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Stride by 85.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after purchasing an additional 178 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Stride during the 4th quarter valued at $77,000. Smartleaf Asset Management LLC increased its holdings in shares of Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after buying an additional 592 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Stride by 23.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,378 shares of the company's stock worth $143,000 after buying an additional 258 shares during the period. Hedge funds and other institutional investors own 98.24% of the company's stock.

Stride Stock Up 0.6 %

NYSE LRN traded up $0.82 on Friday, reaching $134.56. The company had a trading volume of 811,811 shares, compared to its average volume of 839,119. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00. The firm has a 50-day moving average of $131.26 and a 200-day moving average of $111.52. The firm has a market capitalization of $5.86 billion, a PE ratio of 22.46, a P/E/G ratio of 1.04 and a beta of 0.47.

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Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates 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 research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LRN shares. BMO Capital Markets upped their price target on Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Canaccord Genuity Group lifted their price target on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. Finally, Barrington Research reissued an "outperform" rating and issued a $140.00 price objective on shares of Stride in a research report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.