Van Hulzen Asset Management LLC Acquires Shares of 9,580 Stride, Inc. $LRN

Van Hulzen Asset Management LLC acquired a new position in shares of Stride, Inc. (NYSE:LRN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,580 shares of the company’s stock, valued at approximately $826,000.

A number of other large investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new position in Stride during the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. increased its stake in 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 during the last quarter. Geneos Wealth Management Inc. increased its stake in 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 during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Stride by 108.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company’s stock worth $38,000 after buying an additional 225 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Stride during the 3rd quarter worth approximately $78,000. 98.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LRN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a research report on Wednesday, July 8th. William Blair downgraded shares of Stride from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Stride in a research report on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $109.75.

Stride Price Performance

Shares of NYSE:LRN opened at $85.08 on Tuesday. The firm has a market capitalization of $3.54 billion, a PE ratio of 11.82, a P/E/G ratio of 0.49 and a beta of 0.11. The company has a quick ratio of 5.81, a current ratio of 5.94 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $85.62 and a two-hundred day moving average price of $88.38. Stride, Inc. has a twelve month low of $60.61 and a twelve month high of $171.17.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.48. The company had revenue of $636.06 million for the quarter, compared to analyst estimates of $626.52 million. Stride had a net margin of 13.43% and a return on equity of 23.49%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.29 earnings per share. Equities analysts forecast that Stride, Inc. will post 8.62 EPS for the current year.

Stride Company 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.