Kendall Capital Management Grows Stock Position in Stride, Inc. (NYSE:LRN)

Kendall Capital Management raised its stake in Stride, Inc. (NYSE:LRN - Free Report) by 24.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,135 shares of the company's stock after acquiring an additional 4,545 shares during the period. Kendall Capital Management owned 0.05% of Stride worth $2,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in LRN. R Squared Ltd acquired a new stake in shares of Stride in the 4th quarter valued at about $37,000. Smartleaf Asset Management LLC grew its position in shares of Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after acquiring an additional 592 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Stride in the fourth quarter valued at about $165,000. TD Private Client Wealth LLC grew its holdings in shares of Stride by 27.7% during the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock worth $167,000 after buying an additional 426 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its position in Stride by 11.3% in the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company's stock valued at $187,000 after acquiring an additional 183 shares during the period. Hedge funds and other institutional investors own 98.24% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on LRN shares. Barrington Research increased their price objective on Stride from $130.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. BMO Capital Markets increased their price target on Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Morgan Stanley boosted their price objective on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, Canaccord Genuity Group upped their price objective on shares of Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $119.33.

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Stride Price Performance

LRN stock traded up $0.32 on Wednesday, reaching $119.86. 677,216 shares of the company's stock were exchanged, compared to its average volume of 805,476. The stock has a fifty day moving average of $126.48 and a 200-day moving average of $103.94. The firm has a market cap of $5.22 billion, a PE ratio of 20.01, a P/E/G ratio of 1.04 and a beta of 0.46. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share 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 22.42%. As a group, equities analysts predict that Stride, Inc. will post 6.67 EPS for the current fiscal year.

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.