Susquehanna Fundamental Investments LLC Buys Shares of 11,630 Stride, Inc. (NYSE:LRN)

Susquehanna Fundamental Investments LLC bought a new position in Stride, Inc. (NYSE:LRN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,630 shares of the company’s stock, valued at approximately $1,209,000.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock worth $90,024,000 after purchasing an additional 645,835 shares in the last quarter. Norges Bank acquired a new position in shares of Stride during the fourth quarter worth $45,306,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Stride by 783.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company’s stock valued at $47,095,000 after acquiring an additional 401,838 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Stride by 18.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock valued at $256,397,000 after acquiring an additional 375,686 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Stride by 120.6% during the 4th quarter. Wellington Management Group LLP now owns 607,581 shares of the company’s stock worth $63,146,000 after acquiring an additional 332,098 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LRN has been the subject of several research reports. Canaccord Genuity Group increased their target price on Stride from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Monday. Barrington Research lifted their target price on shares of Stride from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday. William Blair restated an “outperform” rating on shares of Stride in a research report on Wednesday. Finally, BMO Capital Markets lifted their price target on shares of Stride from $134.00 to $139.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Stride presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.83.

Stride Stock Up 5.9 %

Stride stock opened at $150.68 on Friday. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 1.04 and a beta of 0.47. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $151.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The firm has a 50 day moving average price of $131.19 and a two-hundred day moving average price of $116.90.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.07). Stride had a return on equity of 22.42% and a net margin of 12.30%. The firm had revenue of $613.38 million for the quarter, compared to the consensus estimate of $591.15 million. During the same period in the prior year, the business earned $1.60 EPS. Stride’s quarterly revenue was up 17.8% on a year-over-year basis. Equities analysts predict that Stride, Inc. will post 6.67 EPS for the current 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.