Trail Ridge Investment Advisors LLC Takes $511,000 Position in Stride, Inc. $LRN

Trail Ridge Investment Advisors LLC acquired a new position in Stride, Inc. (NYSE:LRN) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 5,930 shares of the company’s stock, valued at approximately $511,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LRN. AQR Capital Management LLC increased its holdings in Stride by 67.3% in the 1st quarter. AQR Capital Management LLC now owns 28,547 shares of the company’s stock worth $3,611,000 after buying an additional 11,481 shares during the period. NewEdge Advisors LLC lifted its stake in Stride by 80.9% during the 1st quarter. NewEdge Advisors LLC now owns 5,124 shares of the company’s stock valued at $648,000 after acquiring an additional 2,291 shares during the period. Empowered Funds LLC lifted its stake in Stride by 12.4% during the 1st quarter. Empowered Funds LLC now owns 18,202 shares of the company’s stock valued at $2,303,000 after acquiring an additional 2,008 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 acquiring an additional 32,470 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted 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 acquiring an additional 131 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on LRN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a report on Wednesday, July 8th. William Blair lowered shares of Stride from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research report on Monday, June 15th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Stride has an average rating of “Hold” and an average price target of $109.75.

Stride Stock Up 0.9%

Shares of NYSE LRN opened at $85.08 on Tuesday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 0.49 and a beta of 0.11. The company’s 50-day simple moving average is $85.62 and its 200-day simple moving average is $88.38. The company has a quick ratio of 5.81, a current ratio of 5.94 and a debt-to-equity ratio of 0.29. Stride, Inc. has a 52-week low of $60.61 and a 52-week high of $171.17.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.48. The firm had revenue of $636.06 million during the quarter, compared to the consensus estimate of $626.52 million. Stride had a net margin of 13.43% and a return on equity of 23.49%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.29 EPS. Equities analysts predict that Stride, Inc. will post 8.62 EPS 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.