One Capital Management LLC Purchases 16,524 Shares of Stride, Inc. $LRN

One Capital Management LLC lifted its position in shares of Stride, Inc. (NYSE:LRN) by 157.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,050 shares of the company’s stock after acquiring an additional 16,524 shares during the quarter. One Capital Management LLC’s holdings in Stride were worth $1,756,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LRN. Newbridge Financial Services Group Inc. bought a new stake in shares of Stride during the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 acquiring an additional 85 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Stride during the fourth quarter worth $35,000. Sentry Investment Management LLC bought a new stake in Stride in the third quarter valued at about $42,000. Finally, Geneos Wealth Management Inc. increased its holdings in Stride by 62.7% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

Stride Stock Up 1.7%

NYSE:LRN opened at $99.59 on Thursday. Stride, Inc. has a 1 year low of $60.61 and a 1 year high of $171.17. 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 stock has a market cap of $4.24 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 0.60 and a beta of 0.10. The stock has a 50-day moving average price of $91.84 and a two-hundred day moving average price of $80.44.

Stride (NYSE:LRN) last posted 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. Stride had a return on equity of 25.20% and a net margin of 12.15%.The firm had revenue of $629.87 million during the quarter, compared to analysts’ expectations of $629.69 million. During the same period in the previous year, the firm earned $2.02 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. As a group, equities analysts expect that Stride, Inc. will post 8.21 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About Stride

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.