Findell Capital Management LLC Acquires New Stake in Stride, Inc. $LRN

Findell Capital Management LLC acquired a new stake in shares of Stride, Inc. (NYSE:LRN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 90,000 shares of the company’s stock, valued at approximately $5,844,000. Stride accounts for 1.7% of Findell Capital Management LLC’s portfolio, making the stock its 12th biggest holding. Findell Capital Management LLC owned 0.21% of Stride as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LRN. Northwestern Mutual Wealth Management Co. raised its position in Stride by 78.7% during the 2nd 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. Geneos Wealth Management Inc. raised its position 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 purchasing an additional 131 shares in the last quarter. Maryland State Retirement & Pension System raised its position in Stride by 2.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 6,338 shares of the company’s stock valued at $412,000 after purchasing an additional 149 shares in the last quarter. Measured Wealth Private Client Group LLC raised its position in Stride by 3.8% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 4,619 shares of the company’s stock valued at $688,000 after purchasing an additional 169 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Stride during the 2nd quarter valued at $25,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a research report on Friday, April 10th. Barrington Research reaffirmed an “outperform” rating and set a $125.00 target price on shares of Stride in a research report on Thursday, April 16th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research report on Monday. Finally, William Blair reaffirmed an “outperform” rating on shares of Stride in a research report on Monday. 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 currently has a consensus rating of “Hold” and an average target price of $109.75.

Stride Trading Up 1.0%

LRN opened at $84.19 on Thursday. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.51 and a beta of 0.10. The company has a current ratio of 6.21, a quick ratio of 6.14 and a debt-to-equity ratio of 0.29. Stride, Inc. has a 12 month low of $60.61 and a 12 month high of $171.17. The stock has a fifty day moving average price of $93.13 and a 200-day moving average price of $82.56.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, April 28th. The company reported $2.30 EPS for the quarter, topping the consensus estimate 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 return on equity of 25.20% and a net margin of 12.15%.The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.02 EPS. As a group, equities research analysts anticipate that Stride, Inc. will post 8.21 earnings per share for the current fiscal 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.