Orion Portfolio Solutions LLC Has $1.67 Million Holdings in Stride, Inc. (NYSE:LRN)

Orion Portfolio Solutions LLC grew its stake in Stride, Inc. (NYSE:LRN) by 14.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,062 shares of the company’s stock after purchasing an additional 2,073 shares during the period. Orion Portfolio Solutions LLC’s holdings in Stride were worth $1,669,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. acquired a new stake in Stride during the fourth quarter worth about $158,000. New Age Alpha Advisors LLC bought a new stake in shares of Stride in the 4th quarter worth approximately $252,000. Norges Bank acquired a new stake in shares of Stride during the 4th quarter worth approximately $45,306,000. Loomis Sayles & Co. L P increased its position in shares of Stride by 24.8% during the fourth quarter. Loomis Sayles & Co. L P now owns 307,867 shares of the company’s stock valued at $31,997,000 after purchasing an additional 61,190 shares during the period. Finally, Montanaro Asset Management Ltd raised its stake in shares of Stride by 18.4% in the fourth quarter. Montanaro Asset Management Ltd now owns 183,500 shares of the company’s stock valued at $19,071,000 after purchasing an additional 28,500 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

Stride Price Performance

Shares of Stride stock opened at $131.10 on Thursday. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 1.04 and a beta of 0.46. The firm’s 50-day moving average price is $130.92 and its two-hundred day moving average price is $108.64. 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 1-year low of $56.17 and a 1-year high of $145.00.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 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%. On average, equities analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LRN shares. Barrington Research reissued an “outperform” rating and issued a $140.00 price target on shares of Stride in a report on Friday, March 14th. Canaccord Genuity Group upped their target price 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. BMO Capital Markets raised their price target on shares of Stride from $134.00 to $139.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Morgan Stanley upped their price objective on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Stride currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.17.

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.