OLD National Bancorp IN Acquires New Stake in Stride, Inc. (NYSE:LRN)

OLD National Bancorp IN acquired a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,984 shares of the company's stock, valued at approximately $206,000.

Several other hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in Stride during the second quarter worth about $534,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Stride in the third quarter valued at approximately $430,000. International Assets Investment Management LLC grew its holdings in Stride by 8,431.7% during the third quarter. International Assets Investment Management LLC now owns 5,119 shares of the company's stock worth $437,000 after acquiring an additional 5,059 shares during the period. Quest Partners LLC raised its position in Stride by 20,248.8% in the third quarter. Quest Partners LLC now owns 8,343 shares of the company's stock worth $712,000 after acquiring an additional 8,302 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Stride by 24.6% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,000 shares of the company's stock valued at $3,071,000 after acquiring an additional 7,100 shares during the period. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Price Performance

LRN stock opened at $134.76 on Monday. The stock's 50 day moving average price is $110.56 and its 200 day moving average price is $92.58. The firm has a market cap of $5.87 billion, a P/E ratio of 22.50, a PEG ratio of 0.96 and a beta of 0.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. Stride, Inc. has a 1 year low of $54.81 and a 1 year high of $137.54.

Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 23.16% and a net margin of 12.30%. On average, sell-side analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LRN. StockNews.com downgraded shares of Stride from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. BMO Capital Markets increased their target price on shares of Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a report on Thursday. Barrington Research boosted their price target on Stride from $130.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. 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. Finally, Canaccord Genuity Group lifted their price objective on Stride from $100.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $116.83.

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.

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