Great Lakes Advisors LLC Boosts Stock Position in Stride, Inc. (NYSE:LRN)

Great Lakes Advisors LLC grew its holdings in shares of Stride, Inc. (NYSE:LRN) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,687 shares of the company’s stock after purchasing an additional 420 shares during the quarter. Great Lakes Advisors LLC’s holdings in Stride were worth $591,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LRN. Asset Management One Co. Ltd. purchased a new stake in Stride during the fourth quarter worth about $5,696,000. Congress Asset Management Co. increased its stake in shares of Stride by 8.2% during the 4th quarter. Congress Asset Management Co. now owns 578,540 shares of the company’s stock worth $60,128,000 after purchasing an additional 43,829 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Stride during the 4th quarter worth approximately $995,000. Truist Financial Corp purchased a new position in Stride in the fourth quarter valued at approximately $302,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Stride by 61.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company’s stock valued at $20,250,000 after purchasing an additional 72,518 shares during the period. 98.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LRN has been the topic of several research reports. Canaccord Genuity Group boosted their target price on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. BMO Capital Markets upped their price objective on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Barrington Research reiterated an “outperform” rating and set a $140.00 target price on shares of Stride in a research report on Friday. Finally, Morgan Stanley boosted their price target on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $119.33.

Stride Trading Up 2.1 %

Shares of Stride stock opened at $120.93 on Monday. The company’s 50-day moving average price is $127.31 and its 200-day moving average price is $104.74. 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 12-month low of $56.17 and a 12-month high of $145.00. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping 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, equities analysts expect that Stride, Inc. will post 6.67 earnings per share 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.