6,324 Shares in Stride, Inc. (NYSE:LRN) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in Stride, Inc. (NYSE:LRN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,324 shares of the company’s stock, valued at approximately $657,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS purchased a new position in shares of Stride in the 4th quarter valued at approximately $2,089,000. Sei Investments Co. lifted its holdings in shares of Stride by 22.2% during the fourth quarter. Sei Investments Co. now owns 60,102 shares of the company’s stock worth $6,247,000 after purchasing an additional 10,934 shares during the period. Quantbot Technologies LP grew its position in Stride by 178.4% in the 4th quarter. Quantbot Technologies LP now owns 33,901 shares of the company’s stock valued at $3,523,000 after buying an additional 21,724 shares during the last quarter. Semanteon Capital Management LP acquired a new position in Stride in the 4th quarter valued at $775,000. Finally, Blueshift Asset Management LLC purchased a new position in Stride during the 4th quarter worth $452,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Trading Up 2.8 %

Shares of Stride stock opened at $125.43 on Tuesday. The company has a 50-day moving average of $128.92 and a two-hundred day moving average of $106.47. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00. 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 stock has a market cap of $5.46 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last released its quarterly earnings data 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 return on equity of 22.42% and a net margin of 12.30%. On average, research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LRN has been the topic of several analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Stride in a report on Friday, March 14th. BMO Capital Markets lifted their price objective on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Canaccord Genuity Group increased their target price on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Stride has a consensus rating of “Moderate Buy” and a consensus target price of $119.33.

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.