Aigen Investment Management LP Makes New $995,000 Investment in Stride, Inc. (NYSE:LRN)

Aigen Investment Management LP purchased a new position in Stride, Inc. (NYSE:LRN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,570 shares of the company’s stock, valued at approximately $995,000.

Several other large investors also recently modified their holdings of LRN. Creative Planning increased its holdings in shares of Stride by 42.2% in the third quarter. Creative Planning now owns 4,653 shares of the company’s stock worth $397,000 after acquiring an additional 1,380 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Stride in the third quarter worth about $210,000. International Assets Investment Management LLC increased its holdings in shares of Stride by 8,431.7% in the third quarter. International Assets Investment Management LLC now owns 5,119 shares of the company’s stock worth $437,000 after acquiring an additional 5,059 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Stride by 1.6% in the third quarter. New York State Teachers Retirement System now owns 22,523 shares of the company’s stock worth $1,921,000 after acquiring an additional 344 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Stride by 1,220.0% in the third quarter. Farther Finance Advisors LLC now owns 3,498 shares of the company’s stock worth $298,000 after acquiring an additional 3,233 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors.

Stride Stock Performance

Shares of NYSE LRN opened at $140.97 on Thursday. The stock has a 50 day moving average price of $124.23 and a 200 day moving average price of $102.30. Stride, Inc. has a 52 week low of $56.17 and a 52 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 stock has a market capitalization of $6.14 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32.

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 return on equity of 22.42% and a net margin of 12.30%. Analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LRN has been the subject of a number of research reports. Morgan Stanley increased 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. Canaccord Genuity Group increased their price objective on Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, January 27th. BMO Capital Markets increased their price objective on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Barrington Research increased their price objective on Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.