Boston Partners Has $81.89 Million Holdings in Stride, Inc. (NYSE:LRN)

Boston Partners lifted its position in Stride, Inc. (NYSE:LRNGet Rating) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,467,324 shares of the company’s stock after buying an additional 22,249 shares during the quarter. Boston Partners owned about 5.77% of Stride worth $81,893,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP grew its position in Stride by 0.9% in the first quarter. First Trust Advisors LP now owns 68,385 shares of the company’s stock valued at $2,334,000 after acquiring an additional 578 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in shares of Stride by 107.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 24,884 shares of the company’s stock worth $849,000 after purchasing an additional 12,884 shares during the period. Morgan Stanley raised its position in shares of Stride by 39.8% during the second quarter. Morgan Stanley now owns 1,431,342 shares of the company’s stock worth $45,990,000 after purchasing an additional 407,717 shares during the period. SG Americas Securities LLC grew its holdings in shares of Stride by 14.2% during the third quarter. SG Americas Securities LLC now owns 69,736 shares of the company’s stock worth $2,506,000 after buying an additional 8,685 shares in the last quarter. Finally, Key Financial Inc bought a new position in shares of Stride during the third quarter worth about $29,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on LRN. Morgan Stanley lifted their price target on Stride from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 26th. StockNews.com began coverage on Stride in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research lowered Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Stride presently has an average rating of “Hold” and a consensus price target of $46.67.

Shares of Stride stock traded down $0.26 on Monday, hitting $34.28. The company had a trading volume of 1,293 shares, compared to its average volume of 502,318. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 0.72 and a beta of 0.45. Stride, Inc. has a 1 year low of $25.55 and a 1 year high of $38.40. The stock has a 50 day moving average of $34.28 and a 200-day moving average of $33.97. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.33 and a current ratio of 3.43.

Stride (NYSE:LRNGet Rating) last issued its quarterly earnings data on Tuesday, January 25th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.77 by $0.23. The firm had revenue of $409.51 million during the quarter, compared to the consensus estimate of $395.23 million. Stride had a return on equity of 9.25% and a net margin of 4.40%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. Equities analysts anticipate that Stride, Inc. will post 2.4 earnings per share for the current year.

Stride Company Profile (Get Rating)

Stride, Inc, a technology-based education company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, and support students.

See Also

Institutional Ownership by Quarter for Stride (NYSE:LRN)

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