Burney Co. trimmed its position in shares of Stride, Inc. (NYSE:LRN – Free Report) by 84.7% during the first quarter, HoldingsChannel reports. The fund owned 4,995 shares of the company’s stock after selling 27,644 shares during the quarter. Burney Co.’s holdings in Stride were worth $440,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new stake in Stride in the second quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. increased its position in Stride by 78.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after purchasing an additional 85 shares during the period. Leonteq Securities AG acquired a new position in Stride during the 4th quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Stride by 482.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 617 shares of the company’s stock worth $40,000 after buying an additional 511 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Stride by 62.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after buying an additional 131 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently commented on LRN. William Blair reissued an “outperform” rating on shares of Stride in a report on Monday, June 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a report on Friday, April 10th. Barrington Research reiterated an “outperform” rating and issued a $125.00 price objective on shares of Stride in a research report on Thursday, April 16th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Stride in a report on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $109.75.
Stride Price Performance
Shares of NYSE:LRN opened at $91.06 on Friday. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 0.50 and a beta of 0.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.21 and a quick ratio of 6.14. The business’s 50 day simple moving average is $90.60 and its 200-day simple moving average is $85.23. Stride, Inc. has a 12 month low of $60.61 and a 12 month high of $171.17.
Stride (NYSE:LRN – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.09. The firm had revenue of $629.87 million during the quarter, compared to the consensus estimate of $629.69 million. Stride had a return on equity of 25.20% and a net margin of 12.15%.Stride’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $2.02 EPS. As a group, equities analysts forecast that Stride, Inc. will post 8.21 earnings per share for the current fiscal year.
Stride Profile
Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.
In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.
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