Royce & Associates LP Has $3.78 Million Holdings in Stride, Inc. $LRN

Royce & Associates LP raised its stake in Stride, Inc. (NYSE:LRN) by 186.3% in the 4th quarter, HoldingsChannel reports. The fund owned 58,238 shares of the company’s stock after buying an additional 37,896 shares during the quarter. Royce & Associates LP’s holdings in Stride were worth $3,781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LRN. SG Americas Securities LLC increased its position in Stride by 325.0% in the 4th quarter. SG Americas Securities LLC now owns 556,452 shares of the company’s stock valued at $36,130,000 after acquiring an additional 425,524 shares in the last quarter. William Blair Investment Management LLC increased its position in Stride by 37.2% in the 3rd quarter. William Blair Investment Management LLC now owns 1,511,080 shares of the company’s stock valued at $225,060,000 after acquiring an additional 410,029 shares in the last quarter. Divisadero Street Capital Management LP acquired a new stake in Stride in the 3rd quarter valued at about $55,852,000. Vanguard Group Inc. boosted its stake in shares of Stride by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 4,883,571 shares of the company’s stock valued at $317,090,000 after purchasing an additional 340,838 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Stride by 553.4% in the 3rd quarter. Alliancebernstein L.P. now owns 342,894 shares of the company’s stock valued at $51,071,000 after purchasing an additional 290,415 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LRN. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research note on Tuesday, March 3rd. Barrington Research reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Stride in a research note on Thursday, April 16th. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings reaffirmed 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 stock. According to data from MarketBeat.com, Stride has an average rating of “Hold” and a consensus price target of $109.75.

Stride Stock Up 0.3%

Shares of NYSE LRN opened at $92.27 on Friday. The firm’s 50-day moving average is $91.16 and its 200-day moving average is $79.66. Stride, Inc. has a 1 year low of $60.61 and a 1 year high of $171.17. The firm has a market capitalization of $3.92 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 0.56 and a beta of 0.13. The company has a current ratio of 6.21, a quick ratio of 6.14 and a debt-to-equity ratio of 0.29.

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