KLP Kapitalforvaltning AS Acquires New Position in Stride, Inc. (NYSE:LRN)

KLP Kapitalforvaltning AS bought a new position in Stride, Inc. (NYSE:LRN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,100 shares of the company’s stock, valued at approximately $2,089,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Stride during the 4th quarter worth approximately $37,000. Smartleaf Asset Management LLC grew its stake in Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after buying an additional 592 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in Stride by 14.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company’s stock worth $163,000 after buying an additional 199 shares during the period. SBI Securities Co. Ltd. bought a new stake in Stride in the fourth quarter valued at $165,000. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Stride by 27.7% during the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock valued at $167,000 after acquiring an additional 426 shares during the period. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on LRN shares. Barrington Research reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Stride in a report on Friday, March 14th. Morgan Stanley lifted their price target on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Canaccord Genuity Group increased their price objective on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets raised their target price on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.33.

Stride Trading Up 1.8 %

Stride stock opened at $128.64 on Friday. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The stock has a market capitalization of $5.60 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The firm has a 50 day simple moving average of $129.90 and a 200-day simple moving average of $107.09.

Stride (NYSE:LRN) last issued its quarterly 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 return on equity of 22.42% and a net margin of 12.30%. As a group, equities research analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Stride Company 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.