Empowered Funds LLC Makes New $1.68 Million Investment in Stride, Inc. (NYSE:LRN)

Empowered Funds LLC acquired a new position in Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,194 shares of the company's stock, valued at approximately $1,683,000.

A number of other institutional investors have also recently bought and sold shares of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Stride by 3.6% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company's stock valued at $336,000 after acquiring an additional 113 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Stride by 3.9% in the third quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company's stock valued at $274,000 after purchasing an additional 121 shares in the last quarter. Dakota Wealth Management increased its position in Stride by 4.1% in the 4th quarter. Dakota Wealth Management now owns 3,070 shares of the company's stock worth $319,000 after purchasing an additional 121 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Stride by 1.2% during the 4th quarter. Blue Trust Inc. now owns 11,672 shares of the company's stock worth $1,213,000 after purchasing an additional 141 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Stride by 1.9% during the 3rd quarter. Amalgamated Bank now owns 12,528 shares of the company's stock valued at $1,069,000 after buying an additional 235 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Stock Performance

LRN stock traded down $0.30 on Wednesday, reaching $141.85. 284,155 shares of the company were exchanged, compared to its average volume of 911,263. The firm has a market capitalization of $6.18 billion, a PE ratio of 23.68, a PEG ratio of 1.05 and a beta of 0.32. Stride, Inc. has a 12 month low of $54.81 and a 12 month high of $145.00. The stock's fifty day moving average price is $117.42 and its 200 day moving average price is $97.76. 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 (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, 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, research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on LRN. Citigroup boosted their target price on shares of Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. StockNews.com lowered Stride from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Barrington Research boosted their target price on Stride from $130.00 to $140.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. BMO Capital Markets lifted their target price on shares of Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, Canaccord Genuity Group boosted their target price on shares of Stride from $100.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Stride presently has an average rating of "Moderate Buy" and a consensus 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.