Orion Portfolio Solutions LLC Raises Stake in Stride, Inc. (NYSE:LRN)

Orion Portfolio Solutions LLC lifted its stake in Stride, Inc. (NYSE:LRN - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,062 shares of the company's stock after purchasing an additional 2,073 shares during the period. Orion Portfolio Solutions LLC's holdings in Stride were worth $1,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Asset Management One Co. Ltd. purchased a new stake in shares of Stride during the fourth quarter worth approximately $5,696,000. Congress Asset Management Co. increased its position in shares of Stride by 8.2% in the 4th quarter. Congress Asset Management Co. now owns 578,540 shares of the company's stock valued at $60,128,000 after purchasing an additional 43,829 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Stride in the 4th quarter valued at $995,000. Truist Financial Corp purchased a new stake in shares of Stride during the 4th quarter worth $302,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Stride by 61.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company's stock worth $20,250,000 after purchasing an additional 72,518 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Performance

Shares of NYSE:LRN traded down $4.95 on Friday, reaching $125.57. The company's stock had a trading volume of 1,105,886 shares, compared to its average volume of 829,379. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. Stride, Inc. has a 52-week low of $56.17 and a 52-week high of $145.00. The stock's 50-day moving average is $131.27 and its two-hundred day moving average is $109.09. The stock has a market capitalization of $5.47 billion, a P/E ratio of 20.96, a PEG ratio of 1.04 and a beta of 0.46.

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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 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%. As a group, sell-side analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LRN. BMO Capital Markets lifted their price target on Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a report on Tuesday. Barrington Research restated an "outperform" rating and set 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 company a "buy" rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley raised their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Stride currently has an average rating of "Moderate Buy" and an average target price of $120.17.

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.