20,000 Shares in Stride, Inc. $LRN Acquired by JB Capital Partners LP

JB Capital Partners LP bought a new position in Stride, Inc. (NYSE:LRN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,000 shares of the company’s stock, valued at approximately $1,299,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LRN. Newbridge Financial Services Group Inc. bought a new position in shares of Stride in the second quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Stride by 78.7% in the second 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 last quarter. Leonteq Securities AG bought a new position in shares of Stride in the fourth quarter worth approximately $35,000. Geneos Wealth Management Inc. grew its holdings in shares of Stride by 62.7% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after purchasing an additional 131 shares during the last quarter. Finally, Toth Financial Advisory Corp grew its holdings in shares of Stride by 252.5% in the fourth quarter. Toth Financial Advisory Corp now owns 705 shares of the company’s stock worth $46,000 after purchasing an additional 505 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

Stride Price Performance

Shares of Stride stock opened at $97.11 on Friday. 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 market cap of $4.13 billion, a PE ratio of 14.99, a P/E/G ratio of 0.61 and a beta of 0.10. The business has a 50 day moving average of $93.47 and a 200 day moving average of $82.00. Stride, Inc. has a 52 week low of $60.61 and a 52 week high of $171.17.

Stride (NYSE:LRN) last announced 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 the consensus estimate of $629.69 million. Stride had a return on equity of 25.20% and a net margin of 12.15%.The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.02 earnings per share. As a group, equities research analysts forecast that Stride, Inc. will post 8.21 earnings per share for the current year.

Analysts Set New Price Targets

LRN has been the topic of several recent analyst reports. BMO Capital Markets restated a “market perform” rating on shares of Stride in a report on Tuesday, March 3rd. Barrington Research restated an “outperform” rating and issued a $125.00 target price on shares of Stride in a report on Thursday, April 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Stride in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $109.75.

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.