Montanaro Asset Management Ltd Has $7.01 Million Stake in Stride, Inc. $LRN

Montanaro Asset Management Ltd reduced its stake in Stride, Inc. (NYSE:LRN) by 18.3% during the 4th quarter, HoldingsChannel reports. The fund owned 108,000 shares of the company’s stock after selling 24,200 shares during the quarter. Stride comprises 2.0% of Montanaro Asset Management Ltd’s investment portfolio, making the stock its 28th largest position. Montanaro Asset Management Ltd’s holdings in Stride were worth $7,012,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. bought a new position in Stride during the 2nd quarter worth about $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Stride by 78.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after purchasing an additional 85 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of Stride in the fourth quarter valued at about $35,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Stride by 482.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 617 shares of the company’s stock valued at $40,000 after purchasing an additional 511 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Stride by 62.7% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after buying an additional 131 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Trading Up 0.3%

Shares of NYSE:LRN opened at $83.05 on Friday. The company’s 50-day moving average price is $92.88 and its two-hundred day moving average price is $82.70. Stride, Inc. has a one year low of $60.61 and a one year high of $171.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.21 and a quick ratio of 6.14. The stock has a market capitalization of $3.53 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.50 and a beta of 0.10.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.09. The company had revenue of $629.87 million during the quarter, compared to analysts’ expectations of $629.69 million. Stride had a return on equity of 25.20% and a net margin of 12.15%.Stride’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.02 EPS. On average, equities analysts forecast that Stride, Inc. will post 8.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LRN has been the subject of a number of research reports. Barrington Research reiterated an “outperform” rating and set a $125.00 price objective on shares of Stride in a report on Thursday, April 16th. BMO Capital Markets restated a “market perform” rating on shares of Stride in a research note on Monday. William Blair reaffirmed an “outperform” rating on shares of Stride in a research report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a research note on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price 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.