New Age Alpha Advisors LLC Takes Position in Stride, Inc. (NYSE:LRN)

New Age Alpha Advisors LLC bought a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,427 shares of the company's stock, valued at approximately $252,000.

A number of other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after acquiring an additional 645,835 shares during the period. Norges Bank purchased a new position in shares of Stride in the fourth quarter valued at approximately $45,306,000. William Blair Investment Management LLC grew its holdings in shares of Stride by 18.0% in 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 purchasing an additional 375,686 shares in the last quarter. Wellington Management Group LLP increased its stake 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 buying an additional 222,165 shares during the period. Finally, WCM Investment Management LLC acquired a new stake in Stride during the 4th quarter worth approximately $20,850,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LRN has been the subject of several research reports. Canaccord Genuity Group boosted 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. Morgan Stanley upped their price target on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Barrington Research reiterated an "outperform" rating and issued a $140.00 price objective on shares of Stride in a research note on Friday, March 14th. Finally, BMO Capital Markets upped their target price on shares of Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.17.

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Stride Stock Down 3.8 %

Shares of NYSE LRN traded down $4.95 during midday trading on Friday, hitting $125.57. 1,105,886 shares of the company's stock were exchanged, compared to its average volume of 829,379. The firm's fifty day simple moving average is $131.27 and its 200-day simple moving average is $109.09. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The company has a market cap of $5.47 billion, a PE ratio of 20.96, a P/E/G ratio of 1.04 and a beta of 0.46. 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 issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share 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%. Research analysts predict 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.