Stride, Inc. (NYSE:LRN) Stake Increased by Montanaro Asset Management Ltd

Montanaro Asset Management Ltd lifted its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 18.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,500 shares of the company's stock after purchasing an additional 28,500 shares during the quarter. Stride comprises 3.9% of Montanaro Asset Management Ltd's investment portfolio, making the stock its 6th biggest holding. Montanaro Asset Management Ltd owned about 0.42% of Stride worth $19,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in LRN. R Squared Ltd bought a new stake in shares of Stride during the fourth quarter worth about $37,000. Smartleaf Asset Management LLC raised its stake in shares of Stride by 372.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after purchasing an additional 592 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in Stride by 14.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company's stock worth $163,000 after buying an additional 199 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Stride in the 4th quarter valued at $165,000. Finally, Wolverine Asset Management LLC lifted its stake in Stride by 11.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company's stock valued at $187,000 after acquiring an additional 183 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

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Stride Stock Performance

Shares of NYSE:LRN traded down $2.40 during mid-day trading on Friday, reaching $126.16. The company had a trading volume of 467,936 shares, compared to its average volume of 827,523. The company's 50-day moving average price is $130.15 and its 200-day moving average price is $107.63. Stride, Inc. has a one year low of $56.17 and a one year high of $145.00. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.04 and a beta of 0.46. 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 issued its 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%. As a group, equities research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LRN shares. Barrington Research reiterated an "outperform" rating and issued a $140.00 target price on shares of Stride in a report on Friday, March 14th. Canaccord Genuity Group lifted their target price on shares of Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Morgan Stanley upped their target price on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Finally, BMO Capital Markets boosted their price objective on Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $119.33.

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.