Thompson Siegel & Walmsley LLC Takes Position in Stride, Inc. (NYSE:LRN)

Thompson Siegel & Walmsley LLC acquired a new stake in shares of Stride, Inc. (NYSE:LRN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,000 shares of the company’s stock, valued at approximately $831,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC grew its position in Stride by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock worth $675,000 after acquiring an additional 93 shares in the last quarter. Arizona State Retirement System grew its position in Stride by 0.8% in the fourth quarter. Arizona State Retirement System now owns 11,932 shares of the company’s stock worth $1,240,000 after acquiring an additional 99 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Stride by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock worth $2,151,000 after acquiring an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Stride by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock worth $1,047,000 after acquiring an additional 100 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Stride by 3.6% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company’s stock worth $336,000 after acquiring an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

Stride stock opened at $120.93 on Friday. The company has a 50 day moving average price of $127.04 and a 200-day moving average price of $104.15. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. Stride, Inc. has a fifty-two week low of $56.17 and a fifty-two week high of $145.00. The company has a market capitalization of $5.27 billion, a PE ratio of 20.19, a P/E/G ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, equities analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley boosted their target price on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Canaccord Genuity Group boosted their target price on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday. BMO Capital Markets boosted their target price on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Barrington Research restated an “outperform” rating and set a $140.00 target price on shares of Stride in a research report on Friday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Stride has a consensus rating of “Moderate Buy” and an average target price 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.