Banque Cantonale Vaudoise Has $1.57 Million Stake in Stride, Inc. $LRN

Banque Cantonale Vaudoise grew its holdings in Stride, Inc. (NYSE:LRN) by 125.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,100 shares of the company’s stock after acquiring an additional 13,430 shares during the period. Banque Cantonale Vaudoise’s holdings in Stride were worth $1,565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in LRN. Newbridge Financial Services Group Inc. acquired a new stake in shares of Stride in the second quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Stride by 78.7% in 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 last quarter. Sentry Investment Management LLC acquired a new stake in shares of Stride in the third quarter valued at approximately $42,000. Geneos Wealth Management Inc. lifted its position in shares of 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 buying an additional 131 shares during the last quarter. Finally, Toth Financial Advisory Corp lifted its position in shares of Stride by 252.5% in the fourth quarter. Toth Financial Advisory Corp now owns 705 shares of the company’s stock valued at $46,000 after buying an additional 505 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Performance

NYSE:LRN opened at $87.76 on Friday. The stock has a market cap of $3.73 billion, a P/E ratio of 13.54, a PEG ratio of 0.54 and a beta of 0.13. The stock has a 50 day simple moving average of $90.52 and a 200 day simple moving average of $78.91. 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, Inc. has a 1-year low of $60.61 and a 1-year high of $171.17.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $629.69 million. During the same quarter last year, the company earned $2.02 EPS. The company’s revenue was up 2.7% on a year-over-year basis. Research analysts anticipate that Stride, Inc. will post 8.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LRN has been the subject of a number of recent analyst reports. 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. BMO Capital Markets reissued a “market perform” rating on shares of Stride in a report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a report on Friday, April 10th. Wall Street Zen cut Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $125.00 price target on shares of Stride in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $109.75.

Stride Company 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.