Geode Capital Management LLC Has $68.36 Million Stock Position in Stride, Inc. $LRN

by · The Cerbat Gem

Geode Capital Management LLC grew its position in Stride, Inc. (NYSE:LRN – Free Report) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,052,612 shares of the company’s stock after buying an additional 8,919 shares during the period. Geode Capital Management LLC’s holdings in Stride were worth $68,356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LRN. AQR Capital Management LLC grew its holdings in shares of Stride by 67.3% in the 1st quarter. AQR Capital Management LLC now owns 28,547 shares of the company’s stock valued at $3,611,000 after buying an additional 11,481 shares during the period. NewEdge Advisors LLC grew 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 valued at $648,000 after buying an additional 2,291 shares during the period. Empowered Funds LLC grew 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 valued at $2,303,000 after buying an additional 2,008 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 valued at $17,009,000 after buying an additional 32,470 shares during the period. Finally, Geneos Wealth Management Inc. grew 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 valued at $43,000 after buying an additional 131 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Trading Down 3.1%

LRN opened at $96.87 on Tuesday. The stock has a market capitalization of $4.12 billion, a P/E ratio of 14.95, a P/E/G 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 firm’s fifty day simple moving average is $92.54 and its 200 day simple moving average is $81.20. The company has a current ratio of 6.21, a quick ratio of 6.14 and a debt-to-equity ratio of 0.29.

Stride (NYSE:LRN – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.21 by $0.09. Stride had a net margin of 12.15% and a return on equity of 25.20%. The firm had revenue of $629.87 million for the quarter, compared to analysts’ expectations of $629.69 million. During the same period in the previous year, the firm posted $2.02 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts anticipate that Stride, Inc. will post 8.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on Stride

About Stride

(Free Report)

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.

See Also

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