Stride, Inc. (NYSE:LRN) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in Stride, Inc. (NYSE:LRN) by 147.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,044 shares of the company’s stock after acquiring an additional 186,099 shares during the period. Russell Investments Group Ltd. owned 0.72% of Stride worth $18,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of LRN. SG Americas Securities LLC boosted its stake in Stride by 18.5% in the third quarter. SG Americas Securities LLC now owns 19,987 shares of the company’s stock valued at $900,000 after acquiring an additional 3,119 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Stride during the third quarter worth about $428,000. TD Asset Management Inc acquired a new stake in shares of Stride during the third quarter worth about $207,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Stride by 37.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,152 shares of the company’s stock worth $502,000 after buying an additional 3,030 shares during the period. Finally, Watershed Asset Management L.L.C. acquired a new stake in shares of Stride during the third quarter worth about $266,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LRN shares. Barrington Research reiterated an “outperform” rating and set a $75.00 target price on shares of Stride in a research note on Wednesday, April 24th. Morgan Stanley raised their price objective on shares of Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Citigroup raised their price objective on shares of Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, January 29th. BMO Capital Markets raised their price objective on shares of Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Stride Trading Up 3.0 %

Shares of LRN opened at $68.31 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.21. The firm has a 50 day simple moving average of $61.56 and a 200-day simple moving average of $59.10. Stride, Inc. has a 1-year low of $35.61 and a 1-year high of $69.70. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 0.73 and a beta of 0.26.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. Stride had a net margin of 9.29% and a return on equity of 18.29%. The business had revenue of $520.84 million during the quarter, compared to analysts’ expectations of $507.89 million. During the same period last year, the company posted $1.30 EPS. The company’s revenue was up 10.7% on a year-over-year basis. Equities analysts forecast that Stride, Inc. will post 4.55 EPS for the current fiscal year.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.