Dimensional Fund Advisors LP Purchases 90,851 Shares of Stride, Inc. $LRN

Dimensional Fund Advisors LP grew its position in Stride, Inc. (NYSE:LRN) by 5.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,750,646 shares of the company’s stock after acquiring an additional 90,851 shares during the period. Dimensional Fund Advisors LP’s holdings in Stride were worth $154,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. KBC Group NV boosted its stake in Stride by 265.9% in the 1st quarter. KBC Group NV now owns 4,252 shares of the company’s stock worth $375,000 after purchasing an additional 3,090 shares during the period. Swiss National Bank increased its position in Stride by 0.8% during the first quarter. Swiss National Bank now owns 86,800 shares of the company’s stock worth $7,653,000 after buying an additional 700 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Stride by 1.6% during the 1st quarter. California Public Employees Retirement System now owns 78,944 shares of the company’s stock valued at $6,960,000 after purchasing an additional 1,248 shares during the last quarter. Future Fund LLC lifted its stake in shares of Stride by 38.7% during the 1st quarter. Future Fund LLC now owns 37,507 shares of the company’s stock worth $3,307,000 after buying an additional 10,457 shares during the last quarter. Finally, Assetmark Inc. lifted its position in Stride by 32.2% during the first quarter. Assetmark Inc. now owns 12,372 shares of the company’s stock worth $1,091,000 after acquiring an additional 3,012 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a research report on Wednesday, July 8th. Barrington Research restated an “outperform” rating and set a $125.00 target price on shares of Stride in a research note on Thursday, April 16th. BMO Capital Markets restated a “market perform” rating on shares of Stride in a research note on Monday, June 15th. Finally, William Blair reissued an “outperform” rating on shares of Stride in a report 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, Stride presently has a consensus rating of “Hold” and an average target price of $109.75.

Stride Trading Down 0.2%

NYSE:LRN opened at $86.72 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.14 and a current ratio of 6.21. The firm has a market cap of $3.69 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.49 and a beta of 0.10. The firm’s fifty day moving average is $89.76 and its 200-day moving average is $86.87. Stride, Inc. has a 52 week low of $60.61 and a 52 week high of $171.17.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.09. Stride had a return on equity of 25.20% and a net margin of 12.15%.The firm had revenue of $629.87 million during the quarter, compared to the consensus estimate of $629.69 million. During the same period last year, the business posted $2.02 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Equities analysts expect that Stride, Inc. will post 8.21 earnings per share for the current year.

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.