Stride, Inc. (NYSE:LRN) is Rice Hall James & Associates LLC’s Largest Position

Rice Hall James & Associates LLC lessened its holdings in shares of Stride, Inc. (NYSE:LRN) by 19.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 669,440 shares of the company’s stock after selling 162,410 shares during the period. Stride accounts for approximately 3.8% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its biggest position. Rice Hall James & Associates LLC owned about 1.54% of Stride worth $69,575,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of LRN. R Squared Ltd purchased a new stake in Stride during the 4th quarter valued at about $37,000. TD Private Client Wealth LLC grew its stake in shares of 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 buying an additional 426 shares during the period. KBC Group NV grew its stake in shares of 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 buying an additional 769 shares during the period. Retirement Guys Formula LLC purchased a new stake in shares of Stride in the 3rd quarter valued at approximately $203,000. Finally, Sheets Smith Wealth Management purchased a new stake in shares of Stride in the 4th quarter valued at approximately $205,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

NYSE:LRN opened at $140.19 on Tuesday. The stock has a market capitalization of $6.11 billion, a P/E ratio of 23.40, a PEG ratio of 1.04 and a beta of 0.32. Stride, Inc. has a fifty-two week low of $54.81 and a fifty-two week high of $145.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The company has a 50 day moving average price of $117.42 and a 200 day moving average price of $97.76.

Stride (NYSE:LRN) last issued 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 net margin of 12.30% and a return on equity of 22.42%. Equities research analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. BMO Capital Markets increased their price target on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Morgan Stanley increased their price target on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Barrington Research increased their price target on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Citigroup increased their price objective on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.83.

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.