Quantbot Technologies LP Boosts Stake in Stride, Inc. (NYSE:LRN)

Quantbot Technologies LP lifted its stake in shares of Stride, Inc. (NYSE:LRN) by 178.4% in the 4th quarter, HoldingsChannel reports. The firm owned 33,901 shares of the company’s stock after buying an additional 21,724 shares during the quarter. Quantbot Technologies LP’s holdings in Stride were worth $3,523,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of LRN. Principal Financial Group Inc. increased its stake in shares of 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 during the last quarter. William Blair Investment Management LLC increased its stake 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 worth $256,397,000 after purchasing an additional 375,686 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Stride during the 3rd quarter worth approximately $21,044,000. Wellington Management Group LLP increased its stake in shares of Stride by 416.7% during the 3rd quarter. Wellington Management Group LLP now owns 275,483 shares of the company’s stock worth $23,501,000 after purchasing an additional 222,165 shares during the last quarter. Finally, WCM Investment Management LLC purchased a new stake in shares of Stride during the 4th quarter worth approximately $20,850,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Down 0.7 %

Shares of NYSE:LRN opened at $121.97 on Friday. The firm has a fifty day moving average price of $128.61 and a two-hundred day moving average price of $105.80. 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, Inc. has a one year low of $56.17 and a one year high of $145.00. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. Analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LRN. BMO Capital Markets raised their price target on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Morgan Stanley lifted their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Canaccord Genuity Group lifted their price objective on shares of 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 reiterated an “outperform” rating and issued a $140.00 price objective on shares of Stride in a research note on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $119.33.

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.