Rice Hall James & Associates LLC Buys 122,430 Shares of Stride, Inc. $LRN

Rice Hall James & Associates LLC raised its stake in shares of Stride, Inc. (NYSE:LRN) by 40.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 427,783 shares of the company’s stock after purchasing an additional 122,430 shares during the quarter. Stride accounts for about 1.5% of Rice Hall James & Associates LLC’s holdings, making the stock its 15th biggest holding. Rice Hall James & Associates LLC’s holdings in Stride were worth $27,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Cynosure Group LLC lifted its position in Stride by 384.2% during the fourth quarter. Cynosure Group LLC now owns 14,220 shares of the company’s stock valued at $923,000 after purchasing an additional 11,283 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Stride during the fourth quarter valued at approximately $455,000. Truvestments Capital LLC lifted its position in Stride by 13.0% during the fourth quarter. Truvestments Capital LLC now owns 6,935 shares of the company’s stock valued at $450,000 after purchasing an additional 798 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Stride during the fourth quarter valued at approximately $23,836,000. Finally, Kennedy Capital Management LLC lifted its position in Stride by 122.6% during the fourth quarter. Kennedy Capital Management LLC now owns 177,195 shares of the company’s stock valued at $11,505,000 after purchasing an additional 97,578 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

Stride Trading Down 14.3%

Shares of LRN opened at $83.70 on Tuesday. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 0.60 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. Stride, Inc. has a fifty-two week low of $60.61 and a fifty-two week high of $171.17. The firm has a 50 day moving average price of $93.36 and a 200-day moving average price of $82.28.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.09. The firm had revenue of $629.87 million during 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%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.02 EPS. As a group, equities research analysts forecast that Stride, Inc. will post 8.21 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on LRN. William Blair reiterated an “outperform” rating on shares of Stride in a research report on Monday. BMO Capital Markets restated a “market perform” rating on shares of Stride in a report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Stride in a report on Friday, April 10th. Finally, Barrington Research restated an “outperform” rating and issued a $125.00 price objective on shares of Stride in a report on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.