Orion Portfolio Solutions LLC Has $1.67 Million Stake in Stride, Inc. (NYSE:LRN)

Orion Portfolio Solutions LLC lifted its stake in Stride, Inc. (NYSE:LRN) by 14.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 16,062 shares of the company’s stock after purchasing an additional 2,073 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Stride were worth $1,669,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of Stride in the 4th quarter valued at $37,000. Smartleaf Asset Management LLC increased its position in Stride by 372.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after purchasing an additional 592 shares during the period. Nomura Asset Management Co. Ltd. bought a new stake in Stride during the 4th quarter worth about $158,000. Skandinaviska Enskilda Banken AB publ lifted its position in Stride by 14.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company’s stock valued at $163,000 after purchasing an additional 199 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Stride in the 4th quarter valued at about $165,000. Institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

LRN stock opened at $131.10 on Thursday. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5.71 billion, a PE ratio of 21.89, a P/E/G ratio of 1.04 and a beta of 0.46. The business’s 50-day moving average price is $130.92 and its two-hundred day moving average price is $108.64.

Stride (NYSE:LRN) last released its quarterly earnings data 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 return on equity of 22.42% and a net margin of 12.30%. As a group, research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

LRN has been the topic of several analyst reports. Morgan Stanley increased their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Barrington Research restated an “outperform” rating and issued a $140.00 price target on shares of Stride in a research report on Friday, March 14th. BMO Capital Markets upped their price objective on Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Canaccord Genuity Group raised their target price on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $120.17.

About Stride

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.