31,687 Shares in Stride, Inc. $LRN Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new position in shares of Stride, Inc. (NYSE:LRN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,687 shares of the company’s stock, valued at approximately $2,057,000.

Other large investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new stake in Stride during the second quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Stride by 78.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after buying an additional 85 shares in the last quarter. Leonteq Securities AG bought a new stake in Stride during the fourth quarter worth approximately $35,000. Sentry Investment Management LLC bought a new stake in Stride during the third quarter worth approximately $42,000. Finally, Geneos Wealth Management Inc. boosted its holdings in 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 in the last quarter. 98.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LRN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a research note on Friday, April 10th. Barrington Research reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Stride in a research note on Thursday, April 16th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research note on Tuesday, March 3rd. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Stride presently has an average rating of “Hold” and a consensus price target of $109.75.

Stride Trading Down 0.0%

Shares of NYSE:LRN opened at $99.97 on Monday. The firm has a fifty day moving average of $92.36 and a two-hundred day moving average of $80.97. The firm has a market capitalization of $4.25 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 0.61 and a beta of 0.10. Stride, Inc. has a 12-month low of $60.61 and a 12-month high of $171.17. The company has a quick ratio of 6.14, a current ratio of 6.21 and a debt-to-equity ratio of 0.29.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.09. The company had revenue of $629.87 million during the quarter, compared to analyst estimates of $629.69 million. Stride had a net margin of 12.15% and a return on equity of 25.20%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $2.02 EPS. On average, equities analysts expect that Stride, Inc. will post 8.21 EPS 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.