Martin Currie Ltd. Buys 2,152 Shares of Stride, Inc. (NYSE:LRN)

Martin Currie Ltd. increased its position in Stride, Inc. (NYSE:LRN - Free Report) by 53.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,158 shares of the company's stock after purchasing an additional 2,152 shares during the period. Martin Currie Ltd.'s holdings in Stride were worth $640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LRN. R Squared Ltd acquired a new position in shares of Stride in the 4th quarter valued at about $37,000. Smartleaf Asset Management LLC increased its stake in Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock valued at $79,000 after buying an additional 592 shares during the period. Nomura Asset Management Co. Ltd. bought a new position in shares of Stride in the fourth quarter valued at approximately $158,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Stride by 14.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company's stock valued at $163,000 after acquiring an additional 199 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in Stride in the fourth quarter worth approximately $165,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Price Performance

LRN stock traded down $1.43 during trading on Thursday, hitting $129.78. 200,223 shares of the stock traded hands, compared to its average volume of 823,015. The company has a 50 day simple moving average of $130.92 and a 200 day simple moving average of $108.64. 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, Inc. has a one year low of $56.17 and a one year high of $145.00. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 1.04 and a beta of 0.46.

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Stride (NYSE:LRN - Get Free Report) last issued its quarterly 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 net margin of 12.30% and a return on equity of 22.42%. Equities analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LRN has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Barrington Research reiterated an "outperform" rating and issued a $140.00 target price on shares of Stride in a research note on Friday, March 14th. Canaccord Genuity Group increased their price target on shares of Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets upped 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. 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 company has an average rating of "Moderate Buy" and a consensus target price of $120.17.

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.