Arrowstreet Capital Limited Partnership Boosts Stock Position in Stride, Inc. (NYSE:LRN)

Arrowstreet Capital Limited Partnership boosted its position in Stride, Inc. (NYSE:LRN - Free Report) by 783.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 453,139 shares of the company's stock after buying an additional 401,838 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.04% of Stride worth $47,095,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Mutual of America Capital Management LLC grew its holdings in shares of Stride by 1.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company's stock valued at $675,000 after buying an additional 93 shares during the last quarter. Arizona State Retirement System boosted its stake in Stride by 0.8% during the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company's stock valued at $1,240,000 after purchasing an additional 99 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Stride by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company's stock worth $2,151,000 after purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Stride by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company's stock worth $1,047,000 after purchasing an additional 100 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings 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 valued at $336,000 after purchasing an additional 113 shares in the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of research firms recently commented on LRN. Canaccord Genuity Group increased their price target on 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 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. Barrington Research reaffirmed an "outperform" rating and issued a $140.00 price objective on shares of Stride in a research report on Friday, March 14th. Finally, Morgan Stanley increased their price objective on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Stride currently has a consensus rating of "Moderate Buy" and an average price target of $120.17.

Stride Stock Performance

LRN stock traded down $4.95 during mid-day trading on Friday, hitting $125.57. The company had a trading volume of 1,105,886 shares, compared to its average volume of 830,795. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The firm has a market cap of $5.47 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.04 and a beta of 0.47. Stride, Inc. has a 12 month low of $56.17 and a 12 month high of $145.00. The stock's fifty day moving average price is $131.27 and its two-hundred day moving average price is $109.48.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 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%. On average, analysts forecast 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.