Entropy Technologies LP Acquires 2,445 Shares of Stride, Inc. (NYSE:LRN)

Entropy Technologies LP grew its stake in Stride, Inc. (NYSE:LRN) by 47.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,623 shares of the company’s stock after acquiring an additional 2,445 shares during the quarter. Entropy Technologies LP’s holdings in Stride were worth $792,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LRN. R Squared Ltd purchased a new position in Stride during the 4th quarter worth $37,000. KBC Group NV lifted its position in Stride by 68.5% during the fourth quarter. KBC Group NV now owns 1,891 shares of the company’s stock valued at $197,000 after purchasing an additional 769 shares during the period. TD Private Client Wealth LLC boosted its holdings in Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock valued at $167,000 after purchasing an additional 426 shares during the last quarter. Sheets Smith Wealth Management acquired a new stake in Stride during the 4th quarter worth about $205,000. Finally, OLD National Bancorp IN acquired a new position in shares of Stride in the 4th quarter valued at about $206,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Analyst Ratings Changes

LRN has been the topic of a number of analyst reports. BMO Capital Markets raised their price objective 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. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Morgan Stanley boosted their price objective on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Citigroup increased 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. Finally, Canaccord Genuity Group boosted their price target on shares of Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $116.83.

Stride Stock Performance

Shares of NYSE:LRN opened at $139.01 on Wednesday. The business’s 50 day moving average price is $115.00 and its 200-day moving average price is $95.94. Stride, Inc. has a 1 year low of $54.81 and a 1 year high of $145.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The firm has a market capitalization of $6.05 billion, a PE ratio of 23.21, a P/E/G ratio of 1.04 and a beta of 0.32.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping 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, equities research analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

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.