Pacer Advisors Inc. Acquires 187,158 Shares of Stride, Inc. $LRN

Pacer Advisors Inc. increased its holdings in shares of Stride, Inc. (NYSE:LRN) by 12,051.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 188,711 shares of the company’s stock after acquiring an additional 187,158 shares during the period. Pacer Advisors Inc. owned about 0.44% of Stride worth $12,253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Stride during the 4th quarter worth approximately $72,871,000. Morgan Stanley grew its position in Stride by 98.1% in the fourth quarter. Morgan Stanley now owns 1,631,570 shares of the company’s stock valued at $105,938,000 after acquiring an additional 808,141 shares during the period. Barclays PLC raised its stake in Stride by 254.8% during the fourth quarter. Barclays PLC now owns 688,214 shares of the company’s stock worth $44,686,000 after acquiring an additional 494,215 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Stride by 682.1% during the fourth quarter. Victory Capital Management Inc. now owns 562,346 shares of the company’s stock valued at $36,513,000 after acquiring an additional 490,445 shares during the period. Finally, Nearwater Capital Markets Ltd bought a new position in shares of Stride during the fourth quarter valued at $31,686,000. Institutional investors own 98.24% of the company’s stock.

Stride Price Performance

Shares of LRN stock opened at $83.05 on Friday. Stride, Inc. has a 52 week low of $60.61 and a 52 week high of $171.17. The stock has a market capitalization of $3.53 billion, a PE ratio of 12.82, a PEG ratio of 0.50 and a beta of 0.10. 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 stock’s fifty day moving average is $92.88 and its 200-day moving average is $82.70.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.09. The business had revenue of $629.87 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $2.02 earnings per share. Equities research analysts expect that Stride, Inc. will post 8.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LRN shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a report on Monday, June 15th. 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 price target on shares of Stride in a research report on Thursday, April 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of Stride in a research note on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $109.75.

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.