Rice Hall James & Associates LLC Has $69.58 Million Position in Stride, Inc. (NYSE:LRN)

Rice Hall James & Associates LLC lessened its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 669,440 shares of the company's stock after selling 162,410 shares during the period. Stride makes up 3.8% of Rice Hall James & Associates LLC's portfolio, making the stock its biggest position. Rice Hall James & Associates LLC owned about 1.54% of Stride worth $69,575,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LRN. Louisiana State Employees Retirement System boosted its position in shares of Stride by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company's stock worth $2,151,000 after buying an additional 100 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Stride by 3.6% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company's stock worth $336,000 after buying an additional 113 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Stride by 3.9% in the third quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company's stock worth $274,000 after buying an additional 121 shares during the period. Dakota Wealth Management boosted its position in shares of Stride by 4.1% in the fourth quarter. Dakota Wealth Management now owns 3,070 shares of the company's stock worth $319,000 after buying an additional 121 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Stride by 1.2% in the fourth quarter. Blue Trust Inc. now owns 11,672 shares of the company's stock worth $1,213,000 after buying an additional 141 shares during the period. Hedge funds and other institutional investors own 98.24% of the company's stock.

Analyst Upgrades and Downgrades

LRN has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Citigroup boosted their price target on Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Canaccord Genuity Group boosted their price target on Stride from $100.00 to $130.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Morgan Stanley boosted their price target on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $116.83.

Stride Stock Down 3.3 %

NYSE LRN traded down $4.53 on Friday, hitting $134.38. 696,899 shares of the stock traded hands, compared to its average volume of 903,582. The stock has a 50-day moving average of $120.04 and a 200 day moving average of $99.27. Stride, Inc. has a twelve month low of $55.41 and a twelve month high of $145.00. The company has a market capitalization of $5.85 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 1.06 and a beta of 0.32. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN - Get Free Report) last announced 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 22.42% and a net margin of 12.30%. As a group, analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal 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.