Montanaro Asset Management Ltd Purchases 28,500 Shares of Stride, Inc. (NYSE:LRN)

Montanaro Asset Management Ltd lifted its position in shares of Stride, Inc. (NYSE:LRN) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,500 shares of the company’s stock after buying an additional 28,500 shares during the period. Stride comprises about 3.9% of Montanaro Asset Management Ltd’s investment portfolio, making the stock its 6th largest holding. Montanaro Asset Management Ltd’s holdings in Stride were worth $19,071,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Stride by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company’s stock valued at $485,706,000 after acquiring an additional 69,888 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Stride by 18.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock valued at $256,397,000 after purchasing an additional 375,686 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Stride by 1.1% in the third quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company’s stock worth $99,851,000 after purchasing an additional 13,050 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Stride by 3.8% during the third quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock worth $82,315,000 after purchasing an additional 35,349 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Stride by 293.1% in the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock valued at $90,024,000 after purchasing an additional 645,835 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Morgan Stanley upped 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. Barrington Research restated an “outperform” rating and issued a $140.00 price target on shares of Stride in a research note on Friday, March 14th. Finally, Canaccord Genuity Group boosted their price target on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.33.

Stride Price Performance

Shares of NYSE LRN opened at $126.60 on Thursday. 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 moving average price is $129.59 and its two-hundred day moving average price is $106.94. The company has a market cap of $5.51 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping 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%. On average, analysts predict that Stride, Inc. will post 6.67 EPS for the current 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.