Wellington Management Group LLP Has $14.77 Million Holdings in Stride, Inc. (NYSE:LRN)

Wellington Management Group LLP decreased its position in shares of Stride, Inc. (NYSE:LRN) by 23.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 248,718 shares of the company’s stock after selling 77,113 shares during the quarter. Wellington Management Group LLP owned 0.57% of Stride worth $14,766,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. SummerHaven Investment Management LLC boosted its position in shares of Stride by 0.9% during the 4th quarter. SummerHaven Investment Management LLC now owns 20,081 shares of the company’s stock worth $1,192,000 after acquiring an additional 182 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Stride by 13.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,760 shares of the company’s stock valued at $104,000 after purchasing an additional 215 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Stride by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock valued at $66,000 after purchasing an additional 483 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Stride during the 4th quarter worth $29,000. Finally, McIlrath & Eck LLC bought a new stake in shares of Stride during the 3rd quarter worth $31,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Stock Down 0.0 %

Shares of NYSE LRN opened at $68.59 on Thursday. Stride, Inc. has a 1 year low of $35.61 and a 1 year high of $73.32. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.21. The firm has a market cap of $2.97 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 0.75 and a beta of 0.27. The company has a 50 day simple moving average of $68.36 and a 200 day simple moving average of $63.08.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. The company had revenue of $520.84 million for the quarter, compared to analyst estimates of $507.89 million. Stride had a net margin of 9.29% and a return on equity of 18.29%. Stride’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 earnings per share. On average, research analysts forecast that Stride, Inc. will post 4.55 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on LRN. Barrington Research reiterated an “outperform” rating and issued a $75.00 target price on shares of Stride in a research report on Wednesday, April 24th. BMO Capital Markets upped their price objective on shares of Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, StockNews.com lowered shares of Stride from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.