O Shaughnessy Asset Management LLC Buys 4,979 Shares of Stride, Inc. (NYSE:LRN)

O Shaughnessy Asset Management LLC grew its stake in Stride, Inc. (NYSE:LRN) by 41.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,987 shares of the company’s stock after purchasing an additional 4,979 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Stride were worth $1,765,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC raised its holdings in Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock valued at $42,000 after buying an additional 178 shares during the period. Martin Currie Ltd. raised its stake in shares of Stride by 53.7% in the fourth quarter. Martin Currie Ltd. now owns 6,158 shares of the company’s stock valued at $640,000 after acquiring an additional 2,152 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Stride by 783.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company’s stock worth $47,095,000 after acquiring an additional 401,838 shares during the last quarter. Horizon Investment Services LLC bought a new stake in shares of Stride in the 4th quarter worth about $323,000. Finally, Orion Portfolio Solutions LLC boosted its stake in shares of Stride by 14.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,062 shares of the company’s stock worth $1,669,000 after purchasing an additional 2,073 shares during the period. 98.24% of the stock is owned by institutional investors.

Stride Trading Down 3.8 %

LRN opened at $125.57 on Friday. 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 fifty day moving average is $131.27 and its two-hundred day moving average is $109.09. The company has a market capitalization of $5.47 billion, a P/E ratio of 20.96, a PEG ratio of 1.04 and a beta of 0.46. Stride, Inc. has a 52 week low of $56.17 and a 52 week high of $145.00.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS 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%. Analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on LRN shares. BMO Capital Markets increased their price objective on shares of Stride from $134.00 to $139.00 and gave the stock an “outperform” rating in a research report on Tuesday. Morgan Stanley increased 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. Canaccord Genuity Group boosted their price objective on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Stride in a research report on Friday, March 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.