Gen Wealth Partners Inc Makes New $75,000 Investment in Stride, Inc. (NYSE:LRN)

Gen Wealth Partners Inc acquired a new stake in Stride, Inc. (NYSE:LRN) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 717 shares of the company’s stock, valued at approximately $75,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mutual of America Capital Management LLC increased its holdings in Stride by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock valued at $675,000 after buying an additional 93 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Stride by 0.8% during the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company’s stock worth $1,240,000 after acquiring an additional 99 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Stride by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock worth $2,151,000 after acquiring an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Stride by 1.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock worth $1,047,000 after acquiring an additional 100 shares in the last quarter. Finally, Bosun Asset Management LLC lifted its stake in Stride by 1.4% during the fourth quarter. Bosun Asset Management LLC now owns 8,292 shares of the company’s stock worth $862,000 after purchasing an additional 111 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Trading Down 0.3 %

NYSE LRN opened at $156.21 on Friday. The firm’s fifty day moving average is $133.81 and its two-hundred day moving average is $120.95. Stride, Inc. has a one year low of $63.25 and a one year high of $162.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The firm has a market cap of $6.80 billion, a PE ratio of 26.08, a P/E/G ratio of 1.04 and a beta of 0.36.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.07). Stride had a net margin of 12.30% and a return on equity of 22.42%. The company had revenue of $613.38 million during the quarter, compared to analyst estimates of $591.15 million. During the same quarter last year, the firm earned $1.60 EPS. The business’s revenue was up 17.8% on a year-over-year basis. Analysts expect that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Ratings Changes

LRN has been the topic of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Stride in a report on Thursday, May 1st. William Blair reaffirmed an “outperform” rating on shares of Stride in a research report on Wednesday, April 30th. Canaccord Genuity Group upped their price objective on shares of Stride from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, April 28th. Finally, Barrington Research raised their price objective on Stride from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Stride presently has an average rating of “Moderate Buy” and an average price target of $126.83.

About Stride

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.