16,194 Shares in Stride, Inc. (NYSE:LRN) Bought by Empowered Funds LLC

Empowered Funds LLC acquired a new position in Stride, Inc. (NYSE:LRN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,194 shares of the company’s stock, valued at approximately $1,683,000.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in Stride by 53.8% during the 3rd quarter. SG Americas Securities LLC now owns 2,511 shares of the company’s stock worth $214,000 after acquiring an additional 878 shares during the last quarter. Creative Planning lifted its position in Stride by 42.2% during the 3rd quarter. Creative Planning now owns 4,653 shares of the company’s stock worth $397,000 after acquiring an additional 1,380 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in Stride during the 3rd quarter worth $329,000. Inspire Advisors LLC lifted its position in Stride by 10.3% during the 3rd quarter. Inspire Advisors LLC now owns 7,360 shares of the company’s stock worth $628,000 after acquiring an additional 689 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Stride by 634.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 117,913 shares of the company’s stock worth $10,059,000 after acquiring an additional 101,869 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

Stride Stock Performance

NYSE:LRN opened at $140.19 on Friday. Stride, Inc. has a 12-month low of $54.81 and a 12-month high of $145.00. 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 firm has a market capitalization of $6.11 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32. The firm has a 50-day moving average price of $116.77 and a 200 day moving average price of $97.15.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. Research analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LRN has been the subject of a number of research analyst reports. StockNews.com lowered shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Citigroup upped their price objective on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Morgan Stanley upped their price objective 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. 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 research report on Thursday, January 30th. Finally, Canaccord Genuity Group upped their price objective 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $116.83.

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.