Mutual of America Capital Management LLC Grows Stock Holdings in Stride, Inc. (NYSE:LRN)

Mutual of America Capital Management LLC grew its holdings in shares of Stride, Inc. (NYSE:LRN) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,492 shares of the company’s stock after purchasing an additional 93 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Stride were worth $675,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LRN. R Squared Ltd acquired a new position in Stride in the fourth quarter valued at $37,000. TD Private Client Wealth LLC grew its holdings in Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock valued at $167,000 after purchasing an additional 426 shares during the period. Wolverine Asset Management LLC increased its position in Stride by 11.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock worth $187,000 after purchasing an additional 183 shares during the last quarter. KBC Group NV raised its stake in Stride by 68.5% during the fourth quarter. KBC Group NV now owns 1,891 shares of the company’s stock worth $197,000 after purchasing an additional 769 shares during the period. Finally, Sheets Smith Wealth Management acquired a new position in shares of Stride in the 4th quarter valued at $205,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Analyst Ratings Changes

LRN has been the subject of a number of research analyst reports. Barrington Research upped their price objective on Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. BMO Capital Markets boosted their price target on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Morgan Stanley raised their price objective on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Canaccord Genuity Group increased their target price 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Stride has a consensus rating of “Moderate Buy” and a consensus target price of $116.83.

Stride Stock Down 7.4 %

NYSE LRN opened at $123.36 on Monday. The stock has a market cap of $5.37 billion, a PE ratio of 20.59, a P/E/G ratio of 1.04 and a beta of 0.46. The business has a 50 day moving average price of $125.87 and a two-hundred day moving average price of $103.39. Stride, Inc. has a fifty-two week low of $56.17 and a fifty-two week high of $145.00. 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 (NYSE:LRN) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate 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.