B. Metzler seel. Sohn & Co. AG Buys Shares of 27,608 Stride, Inc. (NYSE:LRN)

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Stride, Inc. (NYSE:LRN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,608 shares of the company’s stock, valued at approximately $2,869,000.

Other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Stride during the fourth quarter valued at $37,000. CIBC Private Wealth Group LLC boosted its stake in shares of Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock worth $42,000 after purchasing an additional 178 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Stride during the 4th quarter worth about $77,000. Smartleaf Asset Management LLC grew its holdings in shares of Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after buying an additional 592 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. acquired a new position in shares of Stride in the fourth quarter valued at approximately $158,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Up 2.1 %

Shares of NYSE LRN opened at $129.13 on Wednesday. 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 has a market capitalization of $5.62 billion, a PE ratio of 21.56, a P/E/G ratio of 1.04 and a beta of 0.46. The firm has a fifty day moving average of $130.65 and a 200-day moving average of $108.49. 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, topping 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%. On average, analysts anticipate that Stride, Inc. will post 6.67 EPS for the current year.

Wall Street Analyst Weigh In

LRN has been the topic of a number of analyst reports. BMO Capital Markets raised their target price 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 raised their price objective on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. 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. Finally, Canaccord Genuity Group increased their target price on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $120.17.

Stride Company 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.