Royce & Associates LP Has $3.78 Million Stock Holdings in Stride, Inc. $LRN

Royce & Associates LP grew its holdings in Stride, Inc. (NYSE:LRN) by 186.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,238 shares of the company’s stock after buying an additional 37,896 shares during the quarter. Royce & Associates LP owned 0.14% of Stride worth $3,781,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Stride in the 2nd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after buying an additional 85 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Stride in the 4th quarter valued at $35,000. Sentry Investment Management LLC acquired a new position in shares of Stride in the 3rd quarter valued at $42,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Stride by 62.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Trading Up 0.3%

Shares of Stride stock opened at $92.27 on Friday. The stock has a market capitalization of $3.92 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 0.56 and a beta of 0.13. The company has a quick ratio of 6.14, a current ratio of 6.21 and a debt-to-equity ratio of 0.29. The company has a 50-day simple moving average of $91.16 and a 200 day simple moving average of $79.66. Stride, Inc. has a 12-month low of $60.61 and a 12-month high of $171.17.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.09. The business 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%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $2.02 EPS. Research analysts expect that Stride, Inc. will post 8.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LRN shares. Wall Street Zen cut shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings restated a “hold (c)” rating on shares of Stride in a research note on Friday, April 10th. Barrington Research restated an “outperform” rating and issued a $125.00 price objective on shares of Stride in a research note on Thursday, April 16th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Stride in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $109.75.

About Stride

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.