Fort Washington Investment Advisors Inc. OH Grows Position in Stride, Inc. (NYSE:LRN)

Fort Washington Investment Advisors Inc. OH grew its position in shares of Stride, Inc. (NYSE:LRN) by 26.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,532 shares of the company’s stock after purchasing an additional 62,590 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.68% of Stride worth $30,715,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LRN. Mendota Financial Group LLC purchased a new stake in shares of Stride in the third quarter valued at approximately $86,000. TD Private Client Wealth LLC grew its stake 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 period. GAMMA Investing LLC increased its holdings in Stride by 45.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock worth $176,000 after acquiring an additional 643 shares in the last quarter. Central Pacific Bank Trust Division raised its position in Stride by 24.2% during the third quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company’s stock worth $184,000 after acquiring an additional 420 shares during the period. Finally, Retirement Guys Formula LLC purchased a new position in Stride during the third quarter valued at $203,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Stock Performance

Shares of Stride stock opened at $117.43 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. The business’s 50 day moving average price is $107.32 and its 200 day moving average price is $89.65. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 0.86 and a beta of 0.32. Stride, Inc. has a one year low of $54.81 and a one year high of $118.58.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.72. Stride had a net margin of 11.38% and a return on equity of 21.23%. The firm had revenue of $551.08 million for the quarter, compared to analysts’ expectations of $504.29 million. During the same quarter in the previous year, the company posted $0.11 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. On average, research analysts predict that Stride, Inc. will post 6.64 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on LRN shares. Barrington Research boosted their target price on shares of Stride from $100.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. BMO Capital Markets boosted their price objective on Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup raised their target price on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Morgan Stanley boosted their price target on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group raised their price objective on Stride from $94.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $102.50.

Insider Buying and Selling at Stride

In other news, Director Todd Goldthwaite sold 8,028 shares of Stride stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.54, for a total transaction of $734,883.12. Following the sale, the director now owns 85,058 shares of the company’s stock, valued at approximately $7,786,209.32. The trade was a 8.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by company insiders.

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.