Highland Capital Management LLC Acquires New Holdings in Stride, Inc. (NYSE:LRN)

Highland Capital Management LLC bought a new stake in Stride, Inc. (NYSE:LRN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,013 shares of the company's stock, valued at approximately $209,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. acquired a new position in shares of Stride in the fourth quarter worth about $340,000. R Squared Ltd bought a new stake in shares of Stride in the 4th quarter worth $37,000. KBC Group NV increased its holdings in shares of Stride by 68.5% in the fourth quarter. KBC Group NV now owns 1,891 shares of the company's stock valued at $197,000 after buying an additional 769 shares in the last quarter. Blue Trust Inc. boosted its stake in Stride by 1.2% in 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 during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Stride by 3.6% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company's stock worth $336,000 after purchasing an additional 113 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Stock Performance

LRN traded up $0.63 on Friday, hitting $134.76. 1,285,768 shares of the stock traded hands, compared to its average volume of 851,676. The firm has a market capitalization of $5.87 billion, a PE ratio of 22.50, a P/E/G ratio of 0.96 and a beta of 0.32. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $137.54. The business has a fifty day moving average price of $110.56 and a two-hundred day moving average price of $92.43.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly 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 net margin of 12.30% and a return on equity of 23.16%. On average, research analysts predict that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LRN has been the topic of several recent research reports. Barrington Research raised their price objective on shares of Stride from $130.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday. StockNews.com cut shares of Stride from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Citigroup raised their target price on shares of Stride from $90.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. 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 report on Thursday, December 12th. Finally, BMO Capital Markets lifted their price objective on Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Stride currently has an average rating of "Moderate Buy" and a consensus price target 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.