Marshall Wace LLP Boosts Position in Stride, Inc. (NYSE:LRN)

Marshall Wace LLP grew its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 5,714.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,885 shares of the company's stock after buying an additional 214,138 shares during the period. Marshall Wace LLP owned 0.50% of Stride worth $22,645,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. R Squared Ltd acquired a new stake in Stride during the fourth quarter worth about $37,000. CIBC Private Wealth Group LLC increased its holdings in shares of Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after buying an additional 178 shares during the last quarter. Covestor Ltd increased its stake in Stride by 51.6% during the fourth quarter. Covestor Ltd now owns 632 shares of the company's stock worth $66,000 after acquiring an additional 215 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Stride in the fourth quarter valued at $77,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Stride by 372.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock valued at $79,000 after purchasing an additional 592 shares during the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. 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 report on Tuesday, March 11th. Barrington Research increased their price target on shares of Stride from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Finally, BMO Capital Markets boosted their target price on Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stride has an average rating of "Moderate Buy" and a consensus price target of $121.83.

Stride Price Performance

Shares of LRN traded down $0.54 during trading hours on Thursday, reaching $139.58. 721,341 shares of the company traded hands, compared to its average volume of 831,576. The stock has a fifty day simple moving average of $130.68 and a 200 day simple moving average of $114.07. Stride, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $146.49. The stock has a market capitalization of $6.08 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.04 and a beta of 0.47. 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 (NYSE:LRN - Get Free Report) last issued its quarterly 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 return on equity of 22.42% and a net margin of 12.30%. As a group, research analysts predict that Stride, Inc. will post 6.67 EPS for the current fiscal year.

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.