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

Montanaro Asset Management Ltd cut its stake in shares of Stride, Inc. (NYSE:LRN) by 18.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,000 shares of the company’s stock after selling 24,200 shares during the period. Stride makes up approximately 2.0% of Montanaro Asset Management Ltd’s investment portfolio, making the stock its 28th largest holding. Montanaro Asset Management Ltd owned about 0.25% of Stride worth $7,012,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Newbridge Financial Services Group Inc. acquired a new position in Stride in the second quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Stride by 78.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after buying an additional 85 shares during the period. Leonteq Securities AG bought a new stake in shares of Stride in the 4th quarter valued at about $35,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Stride by 482.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 617 shares of the company’s stock valued at $40,000 after acquiring an additional 511 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Stride by 62.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after acquiring an additional 131 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Up 0.3%

Shares of Stride stock opened at $83.05 on Friday. Stride, Inc. has a 1 year low of $60.61 and a 1 year high of $171.17. The business has a 50-day moving average of $92.88 and a two-hundred day moving average of $82.70. The company has a market capitalization of $3.53 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 0.50 and a beta of 0.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.21 and a quick ratio of 6.14.

Stride (NYSE:LRN) last released 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. Stride had a return on equity of 25.20% and a net margin of 12.15%.The business had revenue of $629.87 million for the quarter, compared to analysts’ expectations of $629.69 million. During the same quarter in the previous year, the business posted $2.02 EPS. Stride’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts predict that Stride, Inc. will post 8.21 EPS for the current year.

Analysts Set New Price Targets

LRN has been the topic of several recent analyst reports. William Blair reissued an “outperform” rating on shares of Stride in a research note on Monday. Barrington Research reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Stride in a research note on Thursday, April 16th. BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a report on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a research report on Friday, April 10th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently 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.