Semanteon Capital Management LP Makes New Investment in Stride, Inc. (NYSE:LRN)

Semanteon Capital Management LP purchased a new position in Stride, Inc. (NYSE:LRN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,457 shares of the company’s stock, valued at approximately $775,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. William Blair Investment Management LLC increased its position in Stride by 18.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock worth $256,397,000 after buying an additional 375,686 shares in the last quarter. Janus Henderson Group PLC increased its position in Stride by 1.1% in the third quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company’s stock worth $99,851,000 after buying an additional 13,050 shares in the last quarter. Geode Capital Management LLC increased its position in Stride by 3.8% in the third quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock worth $82,315,000 after buying an additional 35,349 shares in the last quarter. Principal Financial Group Inc. increased its position in Stride by 293.1% in the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock worth $90,024,000 after buying an additional 645,835 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of Stride by 0.7% during the third quarter. Rockefeller Capital Management L.P. now owns 753,728 shares of the company’s stock worth $64,286,000 after purchasing an additional 5,278 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Analysts Set New Price Targets

LRN has been the subject of several research analyst reports. Morgan Stanley increased their target price on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Barrington Research reiterated an “outperform” rating and set a $140.00 target price on shares of Stride in a research report on Friday, March 14th. 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. Finally, BMO Capital Markets increased their target price on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Stride currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.33.

Stride Price Performance

Shares of Stride stock opened at $121.97 on Friday. The stock has a 50 day moving average of $128.61 and a 200 day moving average of $105.80. Stride, Inc. has a 12 month low of $56.17 and a 12 month high of $145.00. The firm has a market cap of $5.31 billion, a PE ratio of 20.36, a PEG ratio of 1.04 and a beta of 0.46. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35.

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

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.