Stride, Inc. $LRN Shares Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its position in Stride, Inc. (NYSE:LRNFree Report) by 24.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 232,153 shares of the company’s stock after purchasing an additional 46,278 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.53% of Stride worth $34,577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LRN. Newbridge Financial Services Group Inc. acquired a new position in Stride in the 2nd quarter worth $25,000. Financial Management Professionals Inc. purchased a new stake in shares of Stride during the third quarter worth about $26,000. Penserra Capital Management LLC acquired a new position in shares of Stride in the second quarter worth about $27,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Stride by 78.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after purchasing an additional 85 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Stride during the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

LRN stock opened at $66.54 on Tuesday. Stride, Inc. has a 1 year low of $60.61 and a 1 year high of $171.17. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.40 and a beta of 0.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 6.69 and a current ratio of 6.78. The stock’s fifty day moving average is $75.87 and its two-hundred day moving average is $121.32.

Stride (NYSE:LRNGet Free Report) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.23 by $0.29. The business had revenue of $620.88 million during the quarter, compared to analyst estimates of $615.50 million. Stride had a net margin of 12.76% and a return on equity of 26.29%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 earnings per share. On average, research analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

Key Stride News

Here are the key news stories impacting Stride this week:

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barrington Research cut their target price on Stride from $185.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Wall Street Zen downgraded shares of Stride from a “buy” rating to a “hold” rating in a research note on Sunday. Zacks Research lowered shares of Stride from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Morgan Stanley cut their target price on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stride in a research report on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $125.75.

View Our Latest Stock Analysis on Stride

About Stride

(Free Report)

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.

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Institutional Ownership by Quarter for Stride (NYSE:LRN)

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