BlackRock Inc. bought a new position in KinderCare Learning Companies, Inc. (NYSE:KLC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,214,886 shares of the company's stock, valued at approximately $9,413,000. BlackRock Inc. owned about 1.87% of KinderCare Learning Companies at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in KinderCare Learning Companies by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,811 shares of the company's stock worth $195,000 after purchasing an additional 1,025 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of KinderCare Learning Companies by 62.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,128 shares of the company's stock valued at $52,000 after buying an additional 1,971 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of KinderCare Learning Companies by 350.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,600 shares of the company's stock worth $29,000 after buying an additional 5,136 shares during the period. Legal & General Group Plc lifted its stake in shares of KinderCare Learning Companies by 20.2% during the 2nd quarter. Legal & General Group Plc now owns 30,909 shares of the company's stock worth $312,000 after acquiring an additional 5,192 shares during the last quarter. Finally, Verition Fund Management LLC boosted its holdings in KinderCare Learning Companies by 42.4% during the 4th quarter. Verition Fund Management LLC now owns 17,800 shares of the company's stock valued at $77,000 after acquiring an additional 5,304 shares during the period.
KinderCare Learning Companies Stock Down 0.4%
Shares of KLC stock opened at $2.68 on Friday. KinderCare Learning Companies, Inc. has a fifty-two week low of $1.75 and a fifty-two week high of $7.68. The firm has a market capitalization of $317.63 million, a PE ratio of -0.67 and a beta of 3.78. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.75 and a current ratio of 0.75. The stock's 50-day simple moving average is $4.27 and its 200-day simple moving average is $3.74.
KinderCare Learning Companies (NYSE:KLC - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). The firm had revenue of $697.52 million during the quarter, compared to analysts' expectations of $697.94 million. KinderCare Learning Companies had a negative net margin of 17.23% and a positive return on equity of 6.65%. KinderCare Learning Companies's quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. KinderCare Learning Companies has set its FY 2026 guidance at 0.050-0.150 EPS. Equities analysts expect that KinderCare Learning Companies, Inc. will post 0.1 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. UBS Group decreased their target price on KinderCare Learning Companies from $5.00 to $4.50 and set a "neutral" rating for the company in a research report on Friday, August 14th. Wall Street Zen raised shares of KinderCare Learning Companies from a "strong sell" rating to a "sell" rating in a research report on Sunday, August 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $6.00 target price on shares of KinderCare Learning Companies in a research report on Friday, August 14th. JPMorgan Chase & Co. downgraded shares of KinderCare Learning Companies from a "neutral" rating to an "underweight" rating in a research note on Friday, August 14th. Finally, Robert W. Baird increased their price objective on KinderCare Learning Companies from $1.50 to $4.00 and gave the stock a "neutral" rating in a research note on Friday, May 15th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $4.13.
Get Our Latest Stock Analysis on KLC
KinderCare Learning Companies Profile
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Free Report)
KinderCare Learning Companies Inc is a provider of high-quality early childhood education by center capacity. KinderCare Learning Companies Inc is based in PORTLAND, Ore.
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