Ruffer LLP Invests $4.07 Million in Stride, Inc. (NYSE:LRN)

Ruffer LLP acquired a new stake in Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,141 shares of the company's stock, valued at approximately $4,068,000. Ruffer LLP owned about 0.09% of Stride as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Stride in the 4th quarter valued at approximately $37,000. Smartleaf Asset Management LLC raised its holdings in shares of Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after purchasing an additional 592 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Stride during the fourth quarter worth $165,000. TD Private Client Wealth LLC lifted its position in shares of Stride by 27.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock worth $167,000 after buying an additional 426 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings in shares of Stride by 11.3% in the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company's stock valued at $187,000 after buying an additional 183 shares during the period. Institutional investors and hedge funds own 98.24% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LRN. 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 note on Thursday, December 12th. Barrington Research raised their price target on Stride from $130.00 to $140.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Canaccord Genuity Group upped their price objective on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, BMO Capital Markets raised their target price on Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Stride has an average rating of "Moderate Buy" and an average price target of $119.33.

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Stride Price Performance

LRN stock traded down $1.87 during trading hours on Thursday, hitting $118.16. 455,188 shares of the stock traded hands, compared to its average volume of 803,595. Stride, Inc. has a one year low of $56.17 and a one year high of $145.00. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The company has a market cap of $5.15 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.04 and a beta of 0.46. The stock has a 50-day simple moving average of $126.80 and a 200 day simple moving average of $104.05.

Stride (NYSE:LRN - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping 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%. Equities analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current year.

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.