Stride, Inc. (NYSE:LRN) Shares Bought by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC grew its holdings in shares of Stride, Inc. (NYSE:LRN) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,127 shares of the company’s stock after buying an additional 978 shares during the period. Van Hulzen Asset Management LLC’s holdings in Stride were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quadrant Capital Group LLC grew its position in Stride by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock valued at $66,000 after buying an additional 483 shares in the last quarter. Motco acquired a new stake in shares of Stride in the 1st quarter worth approximately $74,000. EntryPoint Capital LLC bought a new position in shares of Stride in the first quarter valued at approximately $77,000. nVerses Capital LLC acquired a new position in shares of Stride during the second quarter valued at approximately $78,000. Finally, GAMMA Investing LLC raised its holdings in Stride by 25.9% during the first quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock worth $87,000 after purchasing an additional 282 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on LRN. Canaccord Genuity Group began coverage on Stride in a research note on Thursday, August 8th. They set a “buy” rating and a $94.00 price target for the company. Citigroup lowered Stride from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $77.00 to $90.00 in a report on Tuesday, August 20th. BMO Capital Markets raised their price objective on shares of Stride from $79.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. StockNews.com raised shares of Stride from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Barrington Research lifted their price target on shares of Stride from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.83.

Stride Stock Performance

Shares of LRN opened at $78.08 on Wednesday. The company has a 50-day moving average of $75.90 and a two-hundred day moving average of $69.12. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 0.79 and a beta of 0.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.10 and a quick ratio of 4.95. Stride, Inc. has a one year low of $43.77 and a one year high of $83.97.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.15. Stride had a net margin of 10.01% and a return on equity of 19.12%. The firm had revenue of $534.18 million during the quarter, compared to analyst estimates of $525.89 million. During the same quarter last year, the business posted $1.01 EPS. The company’s revenue was up 10.5% on a year-over-year basis. On average, equities research analysts expect that Stride, Inc. will post 5.05 earnings per share for the current year.

Stride Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.