Advisors Preferred LLC Makes New Investment in Stride, Inc. (NYSE:LRN)

Advisors Preferred LLC purchased a new stake in Stride, Inc. (NYSE:LRN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,654 shares of the company’s stock, valued at approximately $708,000.

Several other hedge funds have also recently modified their holdings of the business. Marshall Wace LLP purchased a new stake in Stride during the second quarter worth $230,000. The Manufacturers Life Insurance Company lifted its stake in shares of Stride by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,851 shares of the company’s stock worth $1,681,000 after purchasing an additional 822 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Stride during the second quarter valued at about $534,000. SG Americas Securities LLC grew its stake in Stride by 53.8% in the third quarter. SG Americas Securities LLC now owns 2,511 shares of the company’s stock valued at $214,000 after purchasing an additional 878 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Stride by 45.3% in the third quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock worth $176,000 after purchasing an additional 643 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Up 2.3 %

Shares of NYSE LRN opened at $142.45 on Friday. The company’s 50-day simple moving average is $113.03 and its 200-day simple moving average is $94.15. Stride, Inc. has a 52-week low of $54.81 and a 52-week high of $145.00. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LRN. Barrington Research raised their target price 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 downgraded shares of Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. BMO Capital Markets raised their target price on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Canaccord Genuity Group lifted their target price on shares of Stride from $100.00 to $130.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Citigroup lifted their price objective on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Three 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

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.