Choreo LLC Makes New Investment in Stride, Inc. (NYSE:LRN)

Choreo LLC purchased a new position in Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,580 shares of the company's stock, valued at approximately $588,000.

Several other hedge funds have also recently modified their holdings of LRN. R Squared Ltd purchased a new stake in Stride during the fourth quarter valued at approximately $37,000. KBC Group NV lifted its position in Stride by 68.5% during the fourth quarter. KBC Group NV now owns 1,891 shares of the company's stock valued at $197,000 after acquiring an additional 769 shares during the last quarter. TD Private Client Wealth LLC lifted its position in Stride by 27.7% during the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock valued at $167,000 after acquiring an additional 426 shares during the last quarter. Sheets Smith Wealth Management purchased a new stake in Stride during the fourth quarter valued at approximately $205,000. Finally, OLD National Bancorp IN purchased a new stake in Stride during the fourth quarter valued at approximately $206,000. Hedge funds and other institutional investors own 98.24% of the company's stock.

Stride Price Performance

LRN traded up $0.85 during midday trading on Friday, hitting $140.19. 380,574 shares of the company traded hands, compared to its average volume of 996,334. 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 market capitalization of $6.11 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.04 and a beta of 0.32. Stride, Inc. has a 52-week low of $54.81 and a 52-week high of $145.00. The business has a 50 day simple moving average of $116.77 and a two-hundred day simple moving average of $97.15.

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 net margin of 12.30% and a return on equity of 22.42%. On average, equities analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LRN has been the topic of a number of recent analyst reports. Barrington Research upped their price target on shares of 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 price target on shares of Stride from $100.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Morgan Stanley raised their price target on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. StockNews.com lowered shares of Stride from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Finally, Citigroup raised their price target on shares of Stride from $90.00 to $94.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Stride presently has a consensus rating of "Moderate Buy" and a consensus 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.