Fox Run Management L.L.C. Makes New $657,000 Investment in Stride, Inc. (NYSE:LRN)

Fox Run Management L.L.C. purchased a new position in Stride, Inc. (NYSE:LRN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,324 shares of the company’s stock, valued at approximately $657,000.

A number of other large investors have also modified their holdings of the stock. Thrivent Financial for Lutherans grew its stake in Stride by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 33,412 shares of the company’s stock worth $2,850,000 after purchasing an additional 251 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Stride in the 3rd quarter valued at about $1,067,000. Charles Schwab Investment Management Inc. grew its position in shares of Stride by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,821 shares of the company’s stock worth $44,261,000 after buying an additional 16,114 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Stride during the third quarter worth approximately $21,044,000. Finally, Townsquare Capital LLC raised its holdings in Stride by 798.2% in the third quarter. Townsquare Capital LLC now owns 27,044 shares of the company’s stock valued at $2,307,000 after acquiring an additional 24,033 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Stride Stock Performance

Shares of LRN stock opened at $125.43 on Tuesday. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.04 and a beta of 0.46. The stock’s 50-day moving average is $128.92 and its two-hundred day moving average is $106.47.

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