9,580 Shares in Stride, Inc. $LRN Purchased by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC bought a new position in Stride, Inc. (NYSE:LRN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,580 shares of the company’s stock, valued at approximately $826,000.

A number of other hedge funds have also added to or reduced their stakes in LRN. Norges Bank bought a new stake in shares of Stride during the fourth quarter valued at about $72,871,000. Janus Henderson Group PLC boosted its position in shares of Stride by 61.0% in the first quarter. Janus Henderson Group PLC now owns 2,277,279 shares of the company’s stock valued at $200,799,000 after acquiring an additional 862,849 shares during the period. William Blair Investment Management LLC bought a new position in shares of Stride in the second quarter valued at approximately $71,036,000. Morgan Stanley grew its stake in Stride by 98.1% during the fourth quarter. Morgan Stanley now owns 1,631,570 shares of the company’s stock valued at $105,938,000 after acquiring an additional 808,141 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in Stride during the second quarter valued at approximately $63,624,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Price Performance

LRN stock opened at $85.08 on Tuesday. The firm has a market cap of $3.54 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.49 and a beta of 0.11. The firm’s fifty day moving average is $85.62 and its 200 day moving average is $88.38. 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 5.81 and a current ratio of 5.94.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.48. Stride had a net margin of 13.43% and a return on equity of 23.49%. The business had revenue of $636.06 million during the quarter, compared to the consensus estimate of $626.52 million. During the same period in the previous year, the firm posted $2.29 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Research analysts predict that Stride, Inc. will post 8.62 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on LRN. Weiss Ratings reiterated a “hold (c)” rating on shares of Stride in a research note on Wednesday, July 8th. William Blair lowered shares of Stride from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a report on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $109.75.

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.