Rhumbline Advisers Acquires 908 Shares of Stride, Inc. (NYSE:LRN)

Rhumbline Advisers boosted its position in shares of Stride, Inc. (NYSE:LRN) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,744 shares of the company’s stock after acquiring an additional 908 shares during the quarter. Rhumbline Advisers owned 0.27% of Stride worth $12,133,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LRN. Janus Henderson Group PLC grew its stake in shares of Stride by 1.1% in the third quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company’s stock valued at $99,851,000 after acquiring an additional 13,050 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Stride by 3.8% in the third quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock worth $82,315,000 after acquiring an additional 35,349 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Stride by 51.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock worth $79,326,000 after buying an additional 314,435 shares during the period. Victory Capital Management Inc. boosted its position in Stride by 72.4% during the 3rd quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock worth $70,594,000 after buying an additional 347,564 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in Stride by 0.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 753,728 shares of the company’s stock worth $64,286,000 after buying an additional 5,278 shares during the period. 98.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barrington Research lifted their target price 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 boosted their price target 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 boosted their price target 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. 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 report on Thursday, January 30th. Finally, Canaccord Genuity Group boosted their price target 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Stride presently has a consensus rating of “Moderate Buy” and an average price target of $116.83.

Stride Stock Down 3.3 %

Stride stock opened at $134.38 on Monday. 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 $55.41 and a 12-month high of $145.00. The firm’s fifty day moving average is $120.04 and its 200 day moving average is $99.62. The company has a market capitalization of $5.85 billion, a PE ratio of 22.43, a PEG ratio of 1.04 and a beta of 0.32.

Stride (NYSE:LRN) last released 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%. As a group, sell-side analysts predict that Stride, Inc. will post 6.67 EPS 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.