Choreo LLC Buys New Position in Stride, Inc. (NYSE:LRN)

Choreo LLC purchased a new position in shares of Stride, Inc. (NYSE:LRN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,580 shares of the company’s stock, valued at approximately $588,000.

Other institutional investors also recently added to or reduced their stakes in the company. Longboard Asset Management LP acquired a new position in Stride in the fourth quarter valued at $226,000. OLD National Bancorp IN purchased a new position in shares of Stride during the fourth quarter worth about $206,000. Highland Capital Management LLC acquired a new position in Stride in the 4th quarter valued at about $209,000. Robeco Institutional Asset Management B.V. purchased a new stake in Stride during the 4th quarter valued at approximately $340,000. Finally, R Squared Ltd acquired a new stake in Stride during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Stock Performance

Shares of LRN opened at $139.01 on Wednesday. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. Stride, Inc. has a 52-week low of $54.81 and a 52-week high of $145.00. The company has a 50-day simple moving average of $115.00 and a 200-day simple moving average of $95.94. The company has a market capitalization of $6.05 billion, a PE ratio of 23.21, a P/E/G ratio of 1.04 and a beta of 0.32.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. Equities research analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LRN has been the topic of a number of recent research reports. Citigroup boosted their target price on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Barrington Research raised their target price on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. BMO Capital Markets boosted their price target 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. Finally, Canaccord Genuity Group raised their price objective on shares of Stride from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.