One Capital Management LLC Buys 16,524 Shares of Stride, Inc. $LRN

One Capital Management LLC increased its stake in shares of Stride, Inc. (NYSE:LRN) by 157.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,050 shares of the company’s stock after buying an additional 16,524 shares during the quarter. One Capital Management LLC owned 0.06% of Stride worth $1,756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LRN. AQR Capital Management LLC lifted its position in shares of Stride by 67.3% during the 1st quarter. AQR Capital Management LLC now owns 28,547 shares of the company’s stock worth $3,611,000 after buying an additional 11,481 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Stride by 80.9% in the 1st quarter. NewEdge Advisors LLC now owns 5,124 shares of the company’s stock worth $648,000 after acquiring an additional 2,291 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Stride by 12.4% in the 1st quarter. Empowered Funds LLC now owns 18,202 shares of the company’s stock worth $2,303,000 after acquiring an additional 2,008 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Stride by 31.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,455 shares of the company’s stock worth $17,009,000 after acquiring an additional 32,470 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Stride by 62.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

Analysts Set New Price Targets

LRN has been the topic of a number of recent analyst reports. Barrington Research reissued an “outperform” rating and issued a $125.00 price objective on shares of Stride in a research note on Thursday, April 16th. BMO Capital Markets reissued a “market perform” rating on shares of Stride in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Stride has a consensus rating of “Hold” and a consensus price target of $109.75.

Stride Price Performance

Stride stock opened at $99.59 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.14 and a current ratio of 6.21. The firm has a market cap of $4.24 billion, a P/E ratio of 15.37, a P/E/G ratio of 0.60 and a beta of 0.10. The business’s fifty day moving average is $91.84 and its two-hundred day moving average is $80.44. Stride, Inc. has a 52 week low of $60.61 and a 52 week high of $171.17.

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

About Stride

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.