Thompson Siegel & Walmsley LLC Takes $831,000 Position in Stride, Inc. (NYSE:LRN)

Thompson Siegel & Walmsley LLC purchased a new stake in shares of Stride, Inc. (NYSE:LRN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,000 shares of the company’s stock, valued at approximately $831,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd bought a new position in Stride in the 4th quarter worth $37,000. Smartleaf Asset Management LLC raised its holdings in Stride by 372.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after purchasing an additional 592 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in Stride by 14.8% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company’s stock worth $163,000 after purchasing an additional 199 shares during the period. SBI Securities Co. Ltd. bought a new position in Stride in the 4th quarter worth $165,000. Finally, Wolverine Asset Management LLC raised its holdings in Stride by 11.3% in the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock worth $187,000 after purchasing an additional 183 shares during the period. 98.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LRN has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Morgan Stanley raised their target price 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 raised their price target on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Barrington Research reissued an “outperform” rating and set a $140.00 price target 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 company’s stock. According to data from MarketBeat, Stride has an average rating of “Moderate Buy” and a consensus target price of $119.33.

Stride Price Performance

NYSE:LRN opened at $120.93 on Friday. 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 business’s 50-day simple moving average is $127.04 and its two-hundred day simple moving average is $104.15. The stock has a market cap of $5.27 billion, a PE ratio of 20.19, a P/E/G 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 issued its quarterly earnings data 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 return on equity of 22.42% and a net margin of 12.30%. As a group, analysts forecast that Stride, Inc. will post 6.67 EPS for the current fiscal year.

About Stride

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.