30,428 Shares in Stride, Inc. $LRN Bought by Havemeyer Place LP

Havemeyer Place LP purchased a new position in Stride, Inc. (NYSE:LRN) in the fourth quarter, Holdings Channel.com reports. The fund purchased 30,428 shares of the company’s stock, valued at approximately $1,976,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LRN. Norges Bank purchased a new stake in Stride in the fourth quarter worth $72,871,000. SG Americas Securities LLC lifted its stake in Stride by 325.0% in the fourth quarter. SG Americas Securities LLC now owns 556,452 shares of the company’s stock worth $36,130,000 after acquiring an additional 425,524 shares during the period. William Blair Investment Management LLC lifted its stake in Stride by 37.2% in the third quarter. William Blair Investment Management LLC now owns 1,511,080 shares of the company’s stock worth $225,060,000 after acquiring an additional 410,029 shares during the period. Divisadero Street Capital Management LP purchased a new stake in Stride in the third quarter worth $55,852,000. Finally, Vanguard Group Inc. lifted its stake in Stride by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 4,883,571 shares of the company’s stock worth $317,090,000 after acquiring an additional 340,838 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

Shares of Stride stock opened at $99.97 on Friday. The company has a current ratio of 6.21, a quick ratio of 6.14 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $4.25 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.61 and a beta of 0.10. The business has a fifty day simple moving average of $92.36 and a two-hundred day simple moving average of $80.84. Stride, Inc. has a 12 month low of $60.61 and a 12 month high of $171.17.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.21 by $0.09. The business 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 company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.02 earnings per share. On average, equities analysts forecast that Stride, Inc. will post 8.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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