Stride, Inc. (NYSE:LRN) Holdings Raised by Breach Inlet Capital Management LLC

Breach Inlet Capital Management LLC lifted its position in Stride, Inc. (NYSE:LRN - Free Report) by 32.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 86,934 shares of the company's stock after buying an additional 21,433 shares during the period. Stride comprises 6.4% of Breach Inlet Capital Management LLC's portfolio, making the stock its 10th largest holding. Breach Inlet Capital Management LLC owned about 0.20% of Stride worth $9,035,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Stride by 1.6% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 20,278 shares of the company's stock valued at $2,107,000 after acquiring an additional 310 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of Stride during the 4th quarter valued at $416,000. Integrated Quantitative Investments LLC purchased a new stake in shares of Stride in the 4th quarter worth $1,354,000. ExodusPoint Capital Management LP purchased a new position in Stride during the fourth quarter valued at $5,670,000. Finally, Bryce Point Capital LLC bought a new stake in Stride during the fourth quarter valued at about $540,000. 98.24% of the stock is currently owned by institutional investors.

Stride Trading Down 0.1 %

Shares of Stride stock traded down $0.13 on Thursday, hitting $133.57. 312,623 shares of the company traded hands, compared to its average volume of 834,036. 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, Inc. has a 52 week low of $56.17 and a 52 week high of $145.00. The stock's 50 day moving average price is $131.38 and its 200-day moving average price is $110.65. The company has a market cap of $5.82 billion, a PE ratio of 22.18, a PEG ratio of 1.04 and a beta of 0.47.

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Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating 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 research analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LRN. Canaccord Genuity Group increased their price target on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Morgan Stanley upped their price objective on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. BMO Capital Markets raised their target price on shares of Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Finally, Barrington Research restated an "outperform" rating and issued a $140.00 price target on shares of Stride in a research report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Stride 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.