B. Metzler seel. Sohn & Co. AG Takes $2.87 Million Position in Stride, Inc. (NYSE:LRN)

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Stride, Inc. (NYSE:LRN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 27,608 shares of the company’s stock, valued at approximately $2,869,000. B. Metzler seel. Sohn & Co. AG owned about 0.06% of Stride as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC lifted its position in Stride by 1.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock worth $675,000 after acquiring an additional 93 shares during the period. Arizona State Retirement System lifted its holdings in shares of Stride by 0.8% during the fourth quarter. Arizona State Retirement System now owns 11,932 shares of the company’s stock worth $1,240,000 after purchasing an additional 99 shares during the period. Louisiana State Employees Retirement System lifted its holdings 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 worth $2,151,000 after purchasing an additional 100 shares during the period. Oregon Public Employees Retirement Fund grew its position in Stride by 1.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock valued at $1,047,000 after buying an additional 100 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Stride by 3.6% in the 4th 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 buying an additional 113 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Price Performance

LRN stock opened at $129.13 on Wednesday. The firm has a 50 day moving average of $130.65 and a 200-day moving average of $108.49. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.04 and a beta of 0.46. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00.

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 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%. As a group, equities analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on LRN shares. Morgan Stanley lifted 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. Canaccord Genuity Group lifted their price objective on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Barrington Research reissued an “outperform” rating and set a $140.00 target price on shares of Stride in a research note on Friday, March 14th. Finally, BMO Capital Markets raised their price target on Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $120.17.

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.