Stride, Inc. (NYSE:LRN) Shares Bought by Mariner LLC

Mariner LLC lifted its stake in Stride, Inc. (NYSE:LRN - Free Report) by 28.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,905 shares of the company's stock after purchasing an additional 3,698 shares during the period. Mariner LLC's holdings in Stride were worth $1,757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Summit Investment Advisors Inc. boosted its position in Stride by 5.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,455 shares of the company's stock worth $463,000 after purchasing an additional 222 shares in the last quarter. Townsquare Capital LLC raised its stake in shares of Stride by 23.2% during the 4th quarter. Townsquare Capital LLC now owns 33,328 shares of the company's stock worth $3,464,000 after buying an additional 6,284 shares during the last quarter. Covestor Ltd boosted its position in shares of Stride by 51.6% in the 4th quarter. Covestor Ltd now owns 632 shares of the company's stock worth $66,000 after buying an additional 215 shares in the last quarter. Argent Trust Co grew its stake in Stride by 12.1% in the 4th quarter. Argent Trust Co now owns 2,828 shares of the company's stock valued at $294,000 after acquiring an additional 305 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in Stride by 7.5% during the 4th quarter. Kennedy Capital Management LLC now owns 50,192 shares of the company's stock valued at $5,216,000 after acquiring an additional 3,504 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Trading Up 0.2 %

NYSE LRN traded up $0.26 during mid-day trading on Monday, reaching $141.25. 859,535 shares of the stock were exchanged, compared to its average volume of 823,676. The stock has a market capitalization of $6.15 billion, a PE ratio of 23.58, a PEG ratio of 1.04 and a beta of 0.47. 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, Inc. has a 1-year low of $63.25 and a 1-year high of $146.49. The business's fifty day simple moving average is $130.65 and its 200 day simple moving average is $115.50.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings data 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%. On average, research analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Barrington Research increased their target price on Stride from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Finally, Canaccord Genuity Group raised their price target on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.50.

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.