3,105 Shares in Stride, Inc. (NYSE:LRN) Acquired by Horizon Investment Services LLC

Horizon Investment Services LLC acquired a new stake in shares of Stride, Inc. (NYSE:LRN) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,105 shares of the company’s stock, valued at approximately $323,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Portfolio Solutions LLC grew its stake in Stride by 14.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,062 shares of the company’s stock valued at $1,669,000 after acquiring an additional 2,073 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new position in shares of Stride during the fourth quarter valued at about $158,000. New Age Alpha Advisors LLC bought a new stake in shares of Stride in the fourth quarter worth about $252,000. Norges Bank purchased a new stake in shares of Stride in the fourth quarter worth about $45,306,000. Finally, Loomis Sayles & Co. L P boosted its stake in 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 buying an additional 61,190 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

Stride Price Performance

Stride stock opened at $126.16 on Friday. The firm has a market capitalization of $5.49 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00. The firm has a 50-day moving average price of $130.15 and a 200-day moving average price of $107.42. 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 (NYSE:LRN) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) 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%. As a group, equities research analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

Analyst Ratings Changes

LRN has been the topic of several recent research reports. Canaccord Genuity Group upped their price objective on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. BMO Capital Markets increased their price objective on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Barrington Research restated an “outperform” rating and issued a $140.00 target price on shares of Stride in a report on Friday, March 14th. Finally, Morgan Stanley upped their target price on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report 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, the company has a consensus rating of “Moderate Buy” and an average price target of $119.33.

Stride Company 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.