Renaissance Group LLC Has $5.96 Million Holdings in Stride, Inc. (NYSE:LRN)

Renaissance Group LLC boosted its holdings in shares of Stride, Inc. (NYSE:LRN) by 10.9% in the fourth quarter, HoldingsChannel reports. The firm owned 57,328 shares of the company’s stock after acquiring an additional 5,614 shares during the period. Renaissance Group LLC’s holdings in Stride were worth $5,958,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LRN. Capula Management Ltd bought a new stake in Stride during the 4th quarter worth about $479,000. Sierra Summit Advisors LLC acquired a new position in shares of Stride during the fourth quarter worth approximately $567,000. Quadrant Capital Group LLC grew its stake in shares of Stride by 23.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,378 shares of the company’s stock valued at $143,000 after purchasing an additional 258 shares during the last quarter. Wedbush Securities Inc. bought a new position in Stride in the 4th quarter worth approximately $215,000. Finally, Breach Inlet Capital Management LLC lifted its holdings in Stride by 32.7% during the 4th quarter. Breach Inlet Capital Management LLC now owns 86,934 shares of the company’s stock worth $9,035,000 after buying an additional 21,433 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LRN. Barrington Research reiterated an “outperform” rating and issued a $140.00 price target on shares of Stride in a report on Friday, March 14th. BMO Capital Markets increased their price objective on shares of Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Canaccord Genuity Group lifted their target price on shares of Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Finally, Morgan Stanley raised their price target on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Stride currently has an average rating of “Moderate Buy” and a consensus target price of $120.17.

Stride Price Performance

LRN stock opened at $126.15 on Tuesday. The stock has a 50-day moving average price of $131.42 and a two-hundred day moving average price of $109.77. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00. The stock has a market cap of $5.49 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.04 and a beta of 0.47. 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 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%. Equities analysts forecast that Stride, Inc. will post 6.67 EPS for the current fiscal year.

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.