Stride, Inc. $LRN Stock Holdings Increased by Fiera Capital Corp

Fiera Capital Corp raised its holdings in shares of Stride, Inc. (NYSE:LRN) by 30.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,147 shares of the company’s stock after acquiring an additional 68,154 shares during the period. Fiera Capital Corp owned approximately 0.69% of Stride worth $19,099,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new position in Stride during the 2nd quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. increased its stake in Stride by 78.7% during 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 period. Sentry Investment Management LLC acquired a new position in Stride during the 3rd quarter valued at about $42,000. Geneos Wealth Management Inc. increased its stake in Stride by 62.7% during 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 period. Finally, EverSource Wealth Advisors LLC increased its stake in Stride by 481.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $74,000 after buying an additional 424 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barrington Research reissued 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 reissued a “market perform” rating on shares of Stride in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Stride currently has a consensus rating of “Hold” and a consensus target price of $109.75.

Stride Trading Down 3.1%

Shares of NYSE LRN opened at $96.87 on Tuesday. Stride, Inc. has a 12 month low of $60.61 and a 12 month high of $171.17. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 0.61 and a beta of 0.10. 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 business has a fifty day simple moving average of $92.54 and a 200-day simple moving average of $81.20.

Stride (NYSE:LRN) last announced its 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. Stride had a return on equity of 25.20% and a net margin of 12.15%.The business had revenue of $629.87 million during the quarter, compared to the consensus estimate of $629.69 million. During the same period in the prior year, the business posted $2.02 earnings per share. Stride’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Stride, Inc. will post 8.21 EPS for the current year.

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.