Loomis Sayles & Co. L P Buys 61,190 Shares of Stride, Inc. (NYSE:LRN)

Loomis Sayles & Co. L P lifted its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 24.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 307,867 shares of the company's stock after purchasing an additional 61,190 shares during the period. Loomis Sayles & Co. L P owned approximately 0.71% of Stride worth $31,997,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LRN. Principal Financial Group Inc. boosted its position in Stride by 293.1% in the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after buying an additional 645,835 shares during the last quarter. William Blair Investment Management LLC increased its position in Stride by 18.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock worth $256,397,000 after purchasing an additional 375,686 shares during the period. Wellington Management Group LLP raised its holdings in Stride by 416.7% during the 3rd quarter. Wellington Management Group LLP now owns 275,483 shares of the company's stock worth $23,501,000 after purchasing an additional 222,165 shares during the last quarter. WCM Investment Management LLC acquired a new position in Stride during the 4th quarter valued at about $20,850,000. Finally, Weiss Asset Management LP bought a new position in shares of Stride in the 3rd quarter valued at about $13,465,000. 98.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LRN shares. BMO Capital Markets raised their price objective on shares of Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a research note on Tuesday. Canaccord Genuity Group boosted their price objective on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Barrington Research reaffirmed an "outperform" rating and issued a $140.00 target price on shares of Stride in a research note on Friday, March 14th. Finally, Morgan Stanley lifted their price target 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Stride has an average rating of "Moderate Buy" and a consensus target price of $120.17.

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Stride Stock Up 1.4 %

Shares of NYSE LRN traded up $1.75 during midday trading on Tuesday, reaching $128.25. The company's stock had a trading volume of 98,049 shares, compared to its average volume of 823,638. Stride, Inc. has a fifty-two week low of $56.17 and a fifty-two week high of $145.00. The stock has a 50 day simple moving average of $130.40 and a 200-day simple moving average of $108.16. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 21.35, a PEG 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.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that Stride, Inc. will post 6.67 earnings per share for the current year.

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.