Fort Washington Investment Advisors Inc. OH Raises Stock Holdings in Stride, Inc. (NYSE:LRN)

Fort Washington Investment Advisors Inc. OH increased its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 26.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 295,532 shares of the company's stock after purchasing an additional 62,590 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.68% of Stride worth $30,715,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Mendota Financial Group LLC bought a new position in shares of Stride in the third quarter worth about $86,000. TD Private Client Wealth LLC boosted its position in Stride by 27.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock valued at $167,000 after buying an additional 426 shares during the period. GAMMA Investing LLC grew its stake in Stride by 45.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,061 shares of the company's stock worth $176,000 after acquiring an additional 643 shares in the last quarter. Central Pacific Bank Trust Division increased its position in shares of Stride by 24.2% during the third quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company's stock worth $184,000 after acquiring an additional 420 shares during the period. Finally, Retirement Guys Formula LLC bought a new stake in shares of Stride during the third quarter valued at approximately $203,000. 98.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on LRN. Barrington Research increased their price objective on Stride from $100.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Morgan Stanley increased their price target on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. BMO Capital Markets lifted their price objective on Stride from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. StockNews.com cut shares of Stride from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group boosted their price target on shares of Stride from $94.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Stride currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.50.

Stride Stock Up 1.6 %

LRN traded up $1.89 on Thursday, hitting $119.38. The company had a trading volume of 426,788 shares, compared to its average volume of 871,933. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 21.71, a P/E/G ratio of 0.88 and a beta of 0.32. The stock has a fifty day moving average price of $107.32 and a 200-day moving average price of $89.65. Stride, Inc. has a 12-month low of $54.81 and a 12-month high of $120.60. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.22 by $0.72. The firm had revenue of $551.08 million during the quarter, compared to analyst estimates of $504.29 million. Stride had a net margin of 11.38% and a return on equity of 21.23%. Stride's revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 EPS. Analysts predict that Stride, Inc. will post 6.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the completion of the sale, the director now owns 85,058 shares of the company's stock, valued at approximately $7,786,209.32. This trade represents a 8.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company's stock.

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.