10,090 Shares in Stride, Inc. $LRN Acquired by ARGA Investment Management LP

ARGA Investment Management LP purchased a new position in shares of Stride, Inc. (NYSE:LRN) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 10,090 shares of the company’s stock, valued at approximately $890,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings 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 acquiring an additional 85 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of 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 acquiring an additional 131 shares during the period. Maryland State Retirement & Pension System increased its holdings in shares of Stride by 2.4% in the 4th 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 position 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 purchasing an additional 169 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Stride in the 2nd quarter valued at $25,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Price Performance

Stride stock opened at $91.00 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.21 and a quick ratio of 6.14. The business has a 50 day simple moving average of $90.51 and a 200-day simple moving average of $85.27. Stride, Inc. has a 12 month low of $60.61 and a 12 month high of $171.17. The stock has a market capitalization of $3.87 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 0.51 and a beta of 0.10.

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

Analyst Ratings Changes

Several research analysts have issued reports on LRN shares. BMO Capital Markets reissued a “market perform” rating on shares of Stride in a research report on Monday, June 15th. William Blair reaffirmed an “outperform” rating on shares of Stride in a report on Monday, June 15th. Barrington Research reiterated an “outperform” rating and set a $125.00 target price on shares of Stride in a research note on Thursday, April 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.