Integrated Quantitative Investments LLC Takes $1.35 Million Position in Stride, Inc. (NYSE:LRN)

Integrated Quantitative Investments LLC purchased a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,031 shares of the company's stock, valued at approximately $1,354,000. Stride comprises about 0.7% of Integrated Quantitative Investments LLC's portfolio, making the stock its 26th biggest position.

A number of other large investors also recently modified their holdings of LRN. Vanguard Group Inc. grew its position in Stride by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company's stock valued at $485,706,000 after acquiring an additional 69,888 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Stride by 18.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock valued at $256,397,000 after acquiring an additional 375,686 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Stride by 1.1% during the third quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company's stock worth $99,851,000 after acquiring an additional 13,050 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Stride by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 970,395 shares of the company's stock worth $100,877,000 after acquiring an additional 5,694 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Stride by 293.1% in the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after purchasing an additional 645,835 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

LRN has been the subject of several research analyst reports. Morgan Stanley increased their target price on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. BMO Capital Markets raised their price objective on shares of Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Canaccord Genuity Group upped their target price on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Finally, Barrington Research reiterated 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $120.17.

Stride Stock Performance

Shares of NYSE LRN traded up $2.30 during midday trading on Wednesday, hitting $126.75. The company's stock had a trading volume of 251,995 shares, compared to its average volume of 830,959. The firm has a market cap of $5.52 billion, a P/E ratio of 20.91, a P/E/G ratio of 1.04 and a beta of 0.47. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00. The firm's fifty day moving average price is $131.41 and its 200-day moving average price is $110.15. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02.

Stride (NYSE:LRN - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, sell-side analysts forecast that Stride, Inc. will post 6.67 EPS for the current fiscal year.

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.