Fort Washington Investment Advisors Inc. OH Sells 14,960 Shares of Stride, Inc. $LRN

Fort Washington Investment Advisors Inc. OH trimmed its stake in Stride, Inc. (NYSE:LRN) by 4.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 354,968 shares of the company’s stock after selling 14,960 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Stride were worth $31,298,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LRN. Northwestern Mutual Wealth Management Co. lifted its stake 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 valued at $28,000 after buying an additional 85 shares during the period. Geneos Wealth Management Inc. increased its stake in Stride by 62.7% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after acquiring an additional 131 shares during the period. Maryland State Retirement & Pension System increased its stake in Stride by 2.4% during the fourth quarter. Maryland State Retirement & Pension System now owns 6,338 shares of the company’s stock valued at $412,000 after acquiring an additional 149 shares during the period. Measured Wealth Private Client Group LLC raised its holdings in Stride by 3.8% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 4,619 shares of the company’s stock valued at $688,000 after acquiring an additional 169 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Stride in the 2nd quarter valued at approximately $25,000. Institutional investors own 98.24% of the company’s stock.

Stride Trading Up 0.2%

Shares of LRN opened at $87.30 on Monday. Stride, Inc. has a 1 year low of $60.61 and a 1 year high of $171.17. 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 50 day simple moving average of $92.15 and a 200-day simple moving average of $83.65. The stock has a market cap of $3.71 billion, a PE ratio of 13.47, a PEG ratio of 0.53 and a beta of 0.10.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.21 by $0.09. The business had revenue of $629.87 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $2.02 EPS. On average, sell-side analysts predict that Stride, Inc. will post 8.21 EPS for the current fiscal year.

Analysts Set New Price Targets

LRN has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a report on Friday, April 10th. Barrington Research restated an “outperform” rating and issued a $125.00 target price on shares of Stride in a research note on Thursday, April 16th. William Blair reaffirmed an “outperform” rating on shares of Stride in a research report on Monday, June 15th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a research note on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $109.75.

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.