Fox Run Management L.L.C. Acquires Shares of 6,324 Stride, Inc. (NYSE:LRN)

Fox Run Management L.L.C. purchased a new stake in Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,324 shares of the company's stock, valued at approximately $657,000.

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

Stride Stock Down 1.9 %

NYSE:LRN traded down $2.40 during midday trading on Friday, hitting $126.16. 467,936 shares of the company were exchanged, compared to its average volume of 827,523. Stride, Inc. has a fifty-two week low of $56.17 and a fifty-two week high of $145.00. The company has a market capitalization of $5.49 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. 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 fifty day simple moving average of $130.15 and a 200 day simple moving average of $107.42.

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Stride (NYSE:LRN - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. As a group, equities analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LRN has been the topic of several analyst reports. Canaccord Genuity Group raised their target price on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. BMO Capital Markets raised their price objective on shares of Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Morgan Stanley boosted their target price on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Finally, Barrington Research restated an "outperform" rating and issued a $140.00 price target on shares of Stride in a research note on Friday, March 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.33.

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.