Wolverine Asset Management LLC Grows Stock Holdings in Stride, Inc. (NYSE:LRN)

Wolverine Asset Management LLC lifted its position in shares of Stride, Inc. (NYSE:LRN) by 11.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,800 shares of the company’s stock after buying an additional 183 shares during the quarter. Wolverine Asset Management LLC’s holdings in Stride were worth $187,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Stride during the 4th quarter valued at $37,000. KBC Group NV increased its holdings in Stride by 68.5% in the 4th quarter. KBC Group NV now owns 1,891 shares of the company’s stock valued at $197,000 after acquiring an additional 769 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in Stride by 27.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock valued at $167,000 after acquiring an additional 426 shares during the last quarter. Sheets Smith Wealth Management bought a new stake in Stride in the 4th quarter valued at $205,000. Finally, OLD National Bancorp IN bought a new stake in Stride in the 4th quarter valued at $206,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LRN shares. Morgan Stanley lifted their price target 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. Citigroup lifted their price target on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Canaccord Genuity Group lifted their price target on shares of Stride from $100.00 to $130.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barrington Research lifted their price target on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets lifted their price target on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $116.83.

Stride Stock Performance

Stride stock opened at $134.18 on Tuesday. The company’s 50-day moving average price is $120.54 and its 200-day moving average price is $99.99. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00. 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 company has a market cap of $5.84 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32.

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

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.