C M Bidwell & Associates Ltd. Takes $77,000 Position in Stride, Inc. (NYSE:LRN)

C M Bidwell & Associates Ltd. bought a new position in shares of Stride, Inc. (NYSE:LRN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 745 shares of the company’s stock, valued at approximately $77,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Stride in the fourth quarter worth $37,000. CIBC Private Wealth Group LLC boosted its position in shares of Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock valued at $42,000 after acquiring an additional 178 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after purchasing an additional 592 shares in the last quarter. Nomura Asset Management Co. Ltd. bought a new position in shares of Stride in the fourth quarter worth approximately $158,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in Stride by 14.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company’s stock valued at $163,000 after purchasing an additional 199 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Stride Stock Performance

Shares of LRN stock opened at $126.16 on Monday. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $130.15 and a 200 day moving average of $107.84. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.04 and a beta of 0.46. Stride, Inc. has a 52 week low of $56.17 and a 52 week high of $145.00.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, research analysts expect that Stride, Inc. will post 6.67 earnings per share for the current 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.