Loomis Sayles & Co. L P Has $32 Million Stock Holdings in Stride, Inc. (NYSE:LRN)

Loomis Sayles & Co. L P lifted its stake in shares of Stride, Inc. (NYSE:LRN) by 24.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,867 shares of the company’s stock after purchasing an additional 61,190 shares during the quarter. Loomis Sayles & Co. L P owned about 0.71% of Stride worth $31,997,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Stride in the fourth quarter valued at approximately $37,000. Smartleaf Asset Management LLC increased its stake in Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock valued at $79,000 after purchasing an additional 592 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in Stride by 14.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company’s stock worth $163,000 after buying an additional 199 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Stride during the fourth quarter worth $165,000. Finally, Wolverine Asset Management LLC lifted its stake in shares of Stride by 11.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock valued at $187,000 after buying an additional 183 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Price Performance

Shares of NYSE LRN opened at $128.64 on Friday. The company has a market capitalization of $5.60 billion, a PE ratio of 21.48, a PEG ratio of 1.04 and a beta of 0.46. 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 stock’s 50 day moving average price is $129.90 and its 200-day moving average price is $107.09. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Barrington Research reissued an “outperform” rating and issued a $140.00 price objective on shares of Stride in a research note on Friday, March 14th. Canaccord Genuity Group raised 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. Finally, Morgan Stanley upped their price target on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Stride presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.33.

Stride 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.