Rhumbline Advisers Raises Stake in Stride, Inc. (NYSE:LRN)

Rhumbline Advisers increased its stake in Stride, Inc. (NYSE:LRN) by 0.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 116,744 shares of the company’s stock after buying an additional 908 shares during the period. Rhumbline Advisers’ holdings in Stride were worth $12,133,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its holdings in shares of Stride by 1.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company’s stock worth $99,851,000 after buying an additional 13,050 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Stride by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock worth $82,315,000 after buying an additional 35,349 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Stride by 51.1% in 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 last quarter. Victory Capital Management Inc. boosted its holdings in shares of Stride by 72.4% in 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 last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Stride by 0.7% in 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 last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Trading Down 3.3 %

Shares of Stride stock opened at $134.38 on Monday. Stride, Inc. has a 12-month low of $55.41 and a 12-month high of $145.00. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.04 and a beta of 0.32. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $120.04 and its 200-day moving average price is $99.62.

Stride (NYSE:LRN) last announced its quarterly earnings results 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%. On average, equities analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on LRN. Citigroup upped their price objective on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. BMO Capital Markets upped their price objective on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Canaccord Genuity Group upped their price objective on shares of Stride from $100.00 to $130.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barrington Research upped their price objective on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley upped their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Stride has an average rating of “Moderate Buy” and an average target price of $116.83.

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.