Rice Hall James & Associates LLC Has $38.66 Million Stock Position in Stride, Inc. $LRN

Rice Hall James & Associates LLC increased its stake in Stride, Inc. (NYSE:LRN) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 438,440 shares of the company’s stock after acquiring an additional 10,657 shares during the period. Stride makes up approximately 2.2% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 6th biggest position. Rice Hall James & Associates LLC owned 1.03% of Stride worth $38,657,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LRN. AQR Capital Management LLC lifted its stake in shares of Stride by 67.3% in the 1st quarter. AQR Capital Management LLC now owns 28,547 shares of the company’s stock valued at $3,611,000 after purchasing an additional 11,481 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Stride by 80.9% during the 1st quarter. NewEdge Advisors LLC now owns 5,124 shares of the company’s stock valued at $648,000 after purchasing an additional 2,291 shares during the last quarter. Empowered Funds LLC increased its position in shares of Stride by 12.4% during the 1st quarter. Empowered Funds LLC now owns 18,202 shares of the company’s stock valued at $2,303,000 after purchasing an additional 2,008 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Stride by 31.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,455 shares of the company’s stock valued at $17,009,000 after buying an additional 32,470 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings 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. 98.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a research note on Wednesday, July 8th. Barrington Research reissued an “outperform” rating and issued a $125.00 target price on shares of Stride in a research note on Thursday, April 16th. William Blair restated an “outperform” rating on shares of Stride in a report on Monday, June 15th. Finally, BMO Capital Markets reaffirmed a “market perform” 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $109.75.

Stride Price Performance

Shares of LRN stock opened at $86.72 on Friday. Stride, Inc. has a 52-week low of $60.61 and a 52-week high of $171.17. 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 capitalization 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 stock has a 50 day moving average price of $89.76 and a 200 day moving average price of $86.74.

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

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.