Stride, Inc. (NYSE:LRN) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 41.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 16,987 shares of the company's stock after buying an additional 4,979 shares during the period. O Shaughnessy Asset Management LLC's holdings in Stride were worth $1,765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Stride by 4.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,421 shares of the company's stock worth $1,145,000 after purchasing an additional 625 shares during the last quarter. IHT Wealth Management LLC acquired a new position in Stride during the third quarter worth approximately $823,000. Point72 Asset Management L.P. increased its position in Stride by 187.6% during the third quarter. Point72 Asset Management L.P. now owns 211,627 shares of the company's stock worth $18,054,000 after purchasing an additional 138,054 shares during the last quarter. Stifel Financial Corp increased its position in Stride by 161.1% during the third quarter. Stifel Financial Corp now owns 12,870 shares of the company's stock worth $1,098,000 after purchasing an additional 7,940 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in Stride during the third quarter worth approximately $13,465,000. Hedge funds and other institutional investors own 98.24% of the company's stock.

Stride Stock Up 0.1 %

LRN traded up $0.09 during trading hours on Thursday, reaching $133.79. 104,833 shares of the stock traded hands, compared to its average volume of 833,183. The firm's fifty day simple moving average is $131.38 and its two-hundred day simple moving average is $110.65. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.04 and a beta of 0.47. Stride, Inc. has a fifty-two week low of $56.17 and a fifty-two week high of $145.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

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Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating 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, analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on LRN. Canaccord Genuity Group increased 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, March 11th. Barrington Research reissued an "outperform" rating and issued a $140.00 price objective on shares of Stride in a research report on Friday, March 14th. Morgan Stanley increased their price objective 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. Finally, BMO Capital Markets increased their price objective on shares of Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $120.17.

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.