Scotia Capital Inc. Makes New $1.05 Million Investment in Stride, Inc. (NYSE:LRN)

Scotia Capital Inc. purchased a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,052 shares of the company's stock, valued at approximately $1,045,000.

A number of other hedge funds also recently made changes to their positions in LRN. Vanguard Group Inc. boosted its holdings in Stride by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company's stock valued at $485,706,000 after acquiring an additional 69,888 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Stride by 18.0% in the 4th 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. Geode Capital Management LLC increased its position in Stride by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 970,395 shares of the company's stock worth $100,877,000 after purchasing an additional 5,694 shares in the last quarter. Principal Financial Group Inc. increased its position in Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock worth $90,024,000 after purchasing an additional 645,835 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Stride by 120.6% during the fourth quarter. Wellington Management Group LLP now owns 607,581 shares of the company's stock valued at $63,146,000 after buying an additional 332,098 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Stock Up 0.3 %

Shares of Stride stock traded up $0.41 during trading on Friday, reaching $135.87. The company had a trading volume of 523,289 shares, compared to its average volume of 834,910. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth 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 firm's fifty day moving average is $130.86 and its 200-day moving average is $112.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results 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 22.42% and a net margin of 12.30%. On average, analysts anticipate that Stride, Inc. will post 6.67 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on LRN. Barrington Research raised their price objective on Stride from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday. Canaccord Genuity Group lifted their price objective 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, BMO Capital Markets lifted their price target on shares of Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Stride currently has an average rating of "Moderate Buy" and an average price target of $121.83.

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.