Empowered Funds LLC Purchases Shares of 16,194 Stride, Inc. (NYSE:LRN)

Empowered Funds LLC purchased a new stake in Stride, Inc. (NYSE:LRN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,194 shares of the company’s stock, valued at approximately $1,683,000.

Several other institutional investors also recently modified their holdings of LRN. R Squared Ltd bought a new position in shares of Stride in the fourth quarter valued at $37,000. TD Private Client Wealth LLC grew its position 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 purchasing an additional 426 shares in the last quarter. KBC Group NV grew its position in Stride by 68.5% during the 4th quarter. KBC Group NV now owns 1,891 shares of the company’s stock worth $197,000 after purchasing an additional 769 shares in the last quarter. Retirement Guys Formula LLC purchased a new position in Stride during the 3rd quarter worth approximately $203,000. Finally, Sheets Smith Wealth Management purchased a new position in Stride during the 4th quarter worth approximately $205,000. Institutional investors own 98.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LRN shares. Canaccord Genuity Group lifted their price objective on shares of Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Barrington Research lifted their price objective on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Citigroup lifted their price objective on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Morgan Stanley lifted their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $116.83.

Stride Trading Up 0.6 %

Stride stock opened at $140.19 on Friday. The company’s fifty day simple moving average is $116.77 and its 200-day simple moving average is $97.15. 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 12 month low of $54.81 and a 12 month high of $145.00. The stock has a market cap of $6.11 billion, a P/E ratio of 23.40, a P/E/G ratio of 1.04 and a beta of 0.32.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that Stride, Inc. will post 6.67 EPS for the current fiscal year.

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.