WCM Investment Management LLC Invests $20.85 Million in Stride, Inc. (NYSE:LRN)

WCM Investment Management LLC bought a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 197,709 shares of the company's stock, valued at approximately $20,850,000. WCM Investment Management LLC owned 0.45% of Stride at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of Stride during the 4th quarter worth about $37,000. Mendota Financial Group LLC acquired a new stake in shares of Stride during the 3rd quarter worth about $86,000. KBC Group NV increased its stake in Stride by 68.5% in the fourth quarter. KBC Group NV now owns 1,891 shares of the company's stock valued at $197,000 after purchasing an additional 769 shares during the last quarter. TD Private Client Wealth LLC raised its stake in Stride by 27.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock worth $167,000 after acquiring an additional 426 shares in the last quarter. Finally, Sheets Smith Wealth Management purchased a new stake in shares of Stride in the 4th quarter valued at about $205,000. Hedge funds and other institutional investors own 98.24% of the company's stock.

Stride Stock Up 1.2 %

Stride stock traded up $1.65 during mid-day trading on Wednesday, hitting $140.62. The company's stock had a trading volume of 519,330 shares, compared to its average volume of 974,987. The firm's 50 day moving average is $115.60 and its 200 day moving average is $96.25. Stride, Inc. has a 52-week low of $54.81 and a 52-week high of $145.00. The company has a market cap of $6.12 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

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 the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. On average, analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. StockNews.com lowered shares of Stride from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Morgan Stanley raised 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. Citigroup increased their target price on Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Finally, Barrington Research increased their target price on Stride from $130.00 to $140.00 and gave the company 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.83.

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.