Kennedy Capital Management LLC Purchases 97,578 Shares of Stride, Inc. $LRN

Kennedy Capital Management LLC boosted its position in shares of Stride, Inc. (NYSE:LRN) by 122.6% in the 4th quarter, HoldingsChannel reports. The firm owned 177,195 shares of the company’s stock after buying an additional 97,578 shares during the period. Kennedy Capital Management LLC’s holdings in Stride were worth $11,505,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Entropy Technologies LP bought a new position in Stride during the 4th quarter valued at about $321,000. Barclays PLC lifted its holdings in Stride by 254.8% during the 4th quarter. Barclays PLC now owns 688,214 shares of the company’s stock valued at $44,686,000 after purchasing an additional 494,215 shares during the last quarter. Aigen Investment Management LP lifted its holdings in Stride by 70.7% during the 4th quarter. Aigen Investment Management LP now owns 7,906 shares of the company’s stock valued at $513,000 after purchasing an additional 3,275 shares during the last quarter. FORA Capital LLC bought a new position in Stride during the 4th quarter valued at about $705,000. Finally, Marshall Wace LLP bought a new position in Stride during the 4th quarter valued at about $2,305,000. 98.24% of the stock is owned by institutional investors.

Stride Trading Down 0.6%

LRN opened at $97.11 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.21 and a quick ratio of 6.14. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 0.60 and a beta of 0.10. The firm has a 50 day simple moving average of $93.47 and a 200 day simple moving average of $82.14. Stride, Inc. has a fifty-two week low of $60.61 and a fifty-two week high of $171.17.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.09. The business had revenue of $629.87 million during the quarter, compared to the consensus estimate of $629.69 million. Stride had a net margin of 12.15% and a return on equity of 25.20%. Stride’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 firm posted $2.02 earnings per share. On average, sell-side analysts anticipate that Stride, Inc. will post 8.21 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on LRN. BMO Capital Markets reissued a “market perform” rating on shares of Stride in a report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a report on Friday, April 10th. Finally, Barrington Research reissued an “outperform” rating and set a $125.00 price target on shares of Stride in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Stride currently has an average rating of “Hold” and a consensus price target of $109.75.

Stride 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.