Kendall Capital Management Boosts Stock Position in Stride, Inc. (NYSE:LRN)

Kendall Capital Management boosted its position in shares of Stride, Inc. (NYSE:LRN) by 24.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,135 shares of the company’s stock after buying an additional 4,545 shares during the quarter. Kendall Capital Management owned 0.05% of Stride worth $2,404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of LRN. Private Advisor Group LLC bought a new stake in shares of Stride during the third quarter worth $210,000. New York State Teachers Retirement System grew its stake in shares of Stride by 1.6% during the third quarter. New York State Teachers Retirement System now owns 22,523 shares of the company’s stock worth $1,921,000 after acquiring an additional 344 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Stride by 1,220.0% during the third quarter. Farther Finance Advisors LLC now owns 3,498 shares of the company’s stock worth $298,000 after acquiring an additional 3,233 shares during the last quarter. Amalgamated Bank grew its stake in shares of Stride by 1.9% during the third quarter. Amalgamated Bank now owns 12,528 shares of the company’s stock worth $1,069,000 after acquiring an additional 235 shares during the last quarter. Finally, Portside Wealth Group LLC purchased a new stake in Stride in the third quarter valued at approximately $242,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on LRN. Morgan Stanley upped their target price on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Canaccord Genuity Group upped their target price on Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barrington Research upped their target price on Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, BMO Capital Markets increased their price objective on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $116.83.

Stride Stock Down 7.4 %

Shares of LRN opened at $123.36 on Friday. Stride, Inc. has a 52-week low of $56.17 and a 52-week high of $145.00. The company has a market capitalization of $5.37 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The stock has a fifty day simple moving average of $125.87 and a two-hundred day simple moving average of $103.22. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN) last issued its quarterly earnings data 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 return on equity of 22.42% and a net margin of 12.30%. As a group, equities analysts forecast 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.