Martin Currie Ltd. Buys 2,152 Shares of Stride, Inc. (NYSE:LRN)

Martin Currie Ltd. grew its stake in shares of Stride, Inc. (NYSE:LRN) by 53.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,158 shares of the company’s stock after buying an additional 2,152 shares during the quarter. Martin Currie Ltd.’s holdings in Stride were worth $640,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Stride by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,821 shares of the company’s stock worth $44,261,000 after purchasing an additional 16,114 shares during the last quarter. Townsquare Capital LLC lifted its holdings in shares of Stride by 798.2% during the 3rd quarter. Townsquare Capital LLC now owns 27,044 shares of the company’s stock valued at $2,307,000 after buying an additional 24,033 shares during the period. Glenmede Trust Co. NA boosted its stake in shares of Stride by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 25,990 shares of the company’s stock worth $2,217,000 after buying an additional 910 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Stride by 4.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,421 shares of the company’s stock worth $1,145,000 after acquiring an additional 625 shares during the period. Finally, Public Sector Pension Investment Board increased its position in Stride by 2.7% during the third quarter. Public Sector Pension Investment Board now owns 90,260 shares of the company’s stock valued at $7,700,000 after acquiring an additional 2,400 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LRN has been the topic of several research reports. Canaccord Genuity Group raised 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. Morgan Stanley raised their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Barrington Research reaffirmed an “outperform” rating and set a $140.00 target price on shares of Stride in a report on Friday, March 14th. Finally, BMO Capital Markets lifted their price target on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Stride has an average rating of “Moderate Buy” and a consensus target price of $119.33.

Stride Price Performance

NYSE LRN opened at $126.16 on Friday. 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, Inc. has a 12 month low of $56.17 and a 12 month high of $145.00. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.04 and a beta of 0.46. The company’s 50 day moving average is $130.15 and its two-hundred day moving average is $107.63.

Stride (NYSE:LRN) last announced its quarterly earnings data 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%. As a group, research analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current 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.