Capital Fund Management S.A. Raises Position in Stride, Inc. (NYSE:LRN)

Capital Fund Management S.A. grew its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 61.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,371 shares of the company's stock after purchasing an additional 14,186 shares during the quarter. Capital Fund Management S.A. owned approximately 0.09% of Stride worth $3,884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LRN. Stifel Financial Corp increased its position in Stride by 161.1% in the third quarter. Stifel Financial Corp now owns 12,870 shares of the company's stock worth $1,098,000 after buying an additional 7,940 shares in the last quarter. MML Investors Services LLC purchased a new stake in Stride in the 3rd quarter worth approximately $225,000. Geode Capital Management LLC raised its stake in Stride by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 964,701 shares of the company's stock worth $82,315,000 after acquiring an additional 35,349 shares during the period. TD Private Client Wealth LLC raised its stake in Stride by 27.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock worth $167,000 after acquiring an additional 426 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in Stride by 161.9% during the third quarter. Sanctuary Advisors LLC now owns 20,859 shares of the company's stock valued at $1,779,000 after purchasing an additional 12,896 shares in the last quarter. Institutional investors own 98.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LRN. Canaccord Genuity Group raised their price objective on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. BMO Capital Markets increased their price target on Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Finally, Barrington Research boosted their price objective on Stride from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $121.83.

Stride Price Performance

LRN stock traded up $0.41 during mid-day trading on Friday, hitting $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 capitalization of $5.92 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 1.04 and a beta of 0.47. The company has a 50-day moving average price of $130.86 and a 200 day moving average price of $112.93. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00.

Stride (NYSE:LRN - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, research analysts anticipate 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.