Fiera Capital Corp Has $19.10 Million Stock Position in Stride, Inc. $LRN

Fiera Capital Corp boosted its holdings in shares of Stride, Inc. (NYSE:LRN) by 30.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 294,147 shares of the company’s stock after buying an additional 68,154 shares during the period. Fiera Capital Corp’s holdings in Stride were worth $19,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of LRN. Newbridge Financial Services Group Inc. acquired a new position in Stride during the second quarter valued at $25,000. Northwestern Mutual Wealth Management Co. raised its position in Stride by 78.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after buying an additional 85 shares during the period. Leonteq Securities AG acquired a new position in Stride during the fourth quarter valued at $35,000. Sentry Investment Management LLC acquired a new position in Stride during the third quarter valued at $42,000. Finally, Geneos Wealth Management Inc. raised its position in Stride by 62.7% during the first 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. 98.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Stride Stock Performance

LRN opened at $96.87 on Tuesday. The company has a market cap of $4.12 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 0.61 and a beta of 0.10. The stock has a 50-day moving average of $92.54 and a 200-day moving average of $81.20. Stride, Inc. has a 52-week low of $60.61 and a 52-week high of $171.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.14 and a current ratio of 6.21.

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

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.