Highland Capital Management LLC Invests $209,000 in Stride, Inc. (NYSE:LRN)

Highland Capital Management LLC purchased a new stake in shares of Stride, Inc. (NYSE:LRN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,013 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors also recently modified their holdings of the business. Janus Henderson Group PLC lifted its stake in Stride by 1.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company’s stock valued at $99,851,000 after acquiring an additional 13,050 shares during the period. Geode Capital Management LLC lifted its position in Stride by 3.8% during the third quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock valued at $82,315,000 after purchasing an additional 35,349 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Stride by 51.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock worth $79,326,000 after purchasing an additional 314,435 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Stride by 72.4% in the third quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock worth $70,594,000 after purchasing an additional 347,564 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in Stride by 0.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 753,728 shares of the company’s stock worth $64,286,000 after purchasing an additional 5,278 shares during the period. 98.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LRN shares. Citigroup raised their price target on Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Barrington Research upped their price target on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group upped their price target on shares of Stride from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Morgan Stanley raised their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Three research 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 a consensus rating of “Moderate Buy” and an average target price of $116.83.

Stride Stock Performance

LRN opened at $134.76 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 0.96 and a beta of 0.32. The company has a fifty day moving average of $110.56 and a 200 day moving average of $92.29. Stride, Inc. has a fifty-two week low of $54.81 and a fifty-two week high of $137.54.

Stride (NYSE:LRN) last posted its 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 23.16% and a net margin of 12.30%. As a group, sell-side analysts forecast that Stride, Inc. will post 6.67 earnings per share 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.