Wolverine Asset Management LLC Purchases 183 Shares of Stride, Inc. (NYSE:LRN)

Wolverine Asset Management LLC lifted its position in shares of Stride, Inc. (NYSE:LRN) by 11.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,800 shares of the company’s stock after acquiring an additional 183 shares during the period. Wolverine Asset Management LLC’s holdings in Stride were worth $187,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in shares of Stride by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock valued at $2,151,000 after acquiring an additional 100 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Stride by 3.6% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company’s stock valued at $336,000 after acquiring an additional 113 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Stride by 3.9% during the third quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock valued at $274,000 after acquiring an additional 121 shares in the last quarter. Dakota Wealth Management grew its position in Stride by 4.1% in the 4th quarter. Dakota Wealth Management now owns 3,070 shares of the company’s stock worth $319,000 after purchasing an additional 121 shares during the period. Finally, Blue Trust Inc. grew its position in Stride by 1.2% in the 4th quarter. Blue Trust Inc. now owns 11,672 shares of the company’s stock worth $1,213,000 after purchasing an additional 141 shares during the period. Institutional investors own 98.24% of the company’s stock.

Stride Trading Down 0.0 %

Shares of Stride stock opened at $134.18 on Tuesday. The company’s fifty day simple moving average is $120.54 and its 200-day simple moving average is $99.99. The stock has a market capitalization of $5.84 billion, a PE ratio of 22.40, a P/E/G ratio of 1.04 and a beta of 0.32. Stride, Inc. has a 1-year low of $56.17 and a 1-year 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.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LRN has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Barrington Research lifted their target price on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Citigroup lifted their target price on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Canaccord Genuity Group lifted their target price on shares of Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Morgan Stanley lifted their target price on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $116.83.

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.