Rice Hall James & Associates LLC Raises Holdings in Stride, Inc. $LRN

Rice Hall James & Associates LLC lifted its stake in shares of Stride, Inc. (NYSE:LRNFree Report) by 2.5% during the first quarter, HoldingsChannel.com reports. The fund owned 438,440 shares of the company’s stock after buying an additional 10,657 shares during the quarter. Stride makes up approximately 2.2% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 6th biggest holding. Rice Hall James & Associates LLC’s holdings in Stride were worth $38,657,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of LRN. Vanguard Group Inc. grew its stake in Stride by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 4,883,571 shares of the company’s stock worth $317,090,000 after purchasing an additional 340,838 shares in the last quarter. Invesco Ltd. raised its position in Stride by 1.3% during the 3rd quarter. Invesco Ltd. now owns 1,805,508 shares of the company’s stock valued at $268,912,000 after purchasing an additional 23,488 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Stride by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,750,646 shares of the company’s stock valued at $154,339,000 after purchasing an additional 90,851 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Stride by 98.1% in the 4th quarter. Morgan Stanley now owns 1,631,570 shares of the company’s stock worth $105,938,000 after buying an additional 808,141 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Stride by 1.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,414,430 shares of the company’s stock worth $91,848,000 after buying an additional 21,949 shares during the period. Institutional investors own 98.24% of the company’s stock.

Stride Stock Up 0.8%

Shares of NYSE LRN opened at $86.72 on Friday. The company has a current ratio of 6.21, a quick ratio of 6.14 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $3.69 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.49 and a beta of 0.10. The stock’s fifty day simple moving average is $89.76 and its two-hundred day simple moving average is $86.74. Stride, Inc. has a 12-month low of $60.61 and a 12-month high of $171.17.

Stride (NYSE:LRNGet Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.09. The company had revenue of $629.87 million during the quarter, compared to analysts’ expectations of $629.69 million. Stride had a net margin of 12.15% and a return on equity of 25.20%. Stride’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.02 earnings per share. As a group, analysts expect that Stride, Inc. will post 8.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barrington Research reissued an “outperform” rating and set a $125.00 price target on shares of Stride in a research report on Thursday, April 16th. BMO Capital Markets restated a “market perform” rating on shares of Stride in a report on Monday, June 15th. William Blair reiterated an “outperform” rating on shares of Stride in a report on Monday, June 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Stride in a report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $109.75.

Read Our Latest Research Report on Stride

Stride Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Stride (NYSE:LRN)

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