Loomis Sayles & Co. L P Boosts Stock Holdings in Stride, Inc. (NYSE:LRN)

Loomis Sayles & Co. L P raised its position in shares of Stride, Inc. (NYSE:LRN) by 24.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 307,867 shares of the company’s stock after acquiring an additional 61,190 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Stride were worth $31,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Montanaro Asset Management Ltd grew its stake in shares of Stride by 18.4% during the 4th quarter. Montanaro Asset Management Ltd now owns 183,500 shares of the company’s stock worth $19,071,000 after acquiring an additional 28,500 shares during the period. Prudential Financial Inc. lifted its holdings in Stride by 60.7% during the fourth quarter. Prudential Financial Inc. now owns 70,772 shares of the company’s stock valued at $7,355,000 after purchasing an additional 26,743 shares during the last quarter. Congress Wealth Management LLC DE boosted its position in Stride by 12.5% during the fourth quarter. Congress Wealth Management LLC DE now owns 85,198 shares of the company’s stock worth $8,855,000 after purchasing an additional 9,433 shares during the period. Vanguard Group Inc. increased its stake in shares of Stride by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company’s stock worth $485,706,000 after purchasing an additional 69,888 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Stride in the fourth quarter valued at approximately $657,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Stock Up 1.8 %

LRN opened at $128.64 on Friday. The firm has a market capitalization of $5.60 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. Stride, Inc. has a one year low of $56.17 and a one year high of $145.00. The company has a fifty day moving average price of $129.90 and a 200-day moving average price of $107.09. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping 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%. Equities research 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 recently commented on LRN. BMO Capital Markets raised their price objective on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Morgan Stanley raised their price target on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Canaccord Genuity Group boosted their price objective on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Finally, Barrington Research reissued an “outperform” rating and set a $140.00 price objective on shares of Stride in a report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Stride has an average rating of “Moderate Buy” and a consensus price target of $119.33.

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.