Atria Investments Inc Has $386,000 Holdings in Stride, Inc. (NYSE:LRN)

Atria Investments Inc boosted its holdings in Stride, Inc. (NYSE:LRN) by 15.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,715 shares of the company’s stock after buying an additional 499 shares during the quarter. Atria Investments Inc’s holdings in Stride were worth $386,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LRN. Principal Financial Group Inc. boosted its stake in shares of Stride by 293.1% during the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock valued at $90,024,000 after purchasing an additional 645,835 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Stride by 51.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock valued at $79,326,000 after purchasing an additional 314,435 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Stride during the third quarter valued at about $21,044,000. Wellington Management Group LLP boosted its stake in shares of Stride by 416.7% during the third quarter. Wellington Management Group LLP now owns 275,483 shares of the company’s stock valued at $23,501,000 after purchasing an additional 222,165 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new stake in shares of Stride during the fourth quarter valued at about $20,850,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LRN. Canaccord Genuity Group lifted their price target on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Morgan Stanley lifted their price target on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. BMO Capital Markets lifted their price target on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Barrington Research reissued an “outperform” rating and set a $140.00 price target on shares of Stride in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.33.

Stride Price Performance

Stride stock opened at $120.93 on Monday. The stock’s 50 day moving average is $127.31 and its 200 day moving average is $104.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The firm has a market cap of $5.27 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.04 and a beta of 0.46. Stride, Inc. has a one year low of $56.17 and a one year high of $145.00.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. As a group, research analysts expect that Stride, Inc. will post 6.67 EPS for the current 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.