Great Lakes Advisors LLC Purchases 420 Shares of Stride, Inc. (NYSE:LRN)

Great Lakes Advisors LLC boosted its position in Stride, Inc. (NYSE:LRN) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,687 shares of the company’s stock after buying an additional 420 shares during the period. Great Lakes Advisors LLC’s holdings in Stride were worth $591,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LRN. Principal Financial Group Inc. boosted its position 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 valued at $90,024,000 after purchasing an additional 645,835 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Stride by 51.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock worth $79,326,000 after buying an additional 314,435 shares in the last quarter. Loomis Sayles & Co. L P acquired 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% in the 3rd quarter. Wellington Management Group LLP now owns 275,483 shares of the company’s stock valued at $23,501,000 after acquiring an additional 222,165 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new position in shares of Stride during the 4th quarter valued at $20,850,000. Institutional investors own 98.24% of the company’s stock.

Stride Stock Up 2.1 %

LRN stock opened at $120.93 on Monday. The firm has a market capitalization of $5.27 billion, a PE ratio of 20.19, a P/E/G ratio of 1.04 and a beta of 0.46. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00. The stock’s 50 day moving average is $127.31 and its 200-day moving average is $104.74.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating 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%. Sell-side analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LRN. BMO Capital Markets upped their price objective on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Morgan Stanley increased their price target on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Canaccord Genuity Group boosted 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. Finally, Barrington Research reiterated an “outperform” rating and issued a $140.00 target price on shares of Stride in a report on Friday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Stride presently has an average rating of “Moderate Buy” and an average target price of $119.33.

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.