Stride, Inc. (NYSE:LRN) Holdings Lowered by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN decreased its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,732 shares of the company's stock after selling 5,477 shares during the period. Stride accounts for about 3.0% of Kirr Marbach & Co. LLC IN's holdings, making the stock its 13th largest holding. Kirr Marbach & Co. LLC IN owned about 0.23% of Stride worth $12,869,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers lifted its holdings in shares of Stride by 0.8% during the 4th quarter. Rhumbline Advisers now owns 116,744 shares of the company's stock valued at $12,133,000 after buying an additional 908 shares during the period. Truist Financial Corp purchased a new position in Stride in the fourth quarter worth about $302,000. Handelsbanken Fonder AB grew its position in Stride by 33.8% in the fourth quarter. Handelsbanken Fonder AB now owns 10,300 shares of the company's stock worth $1,070,000 after acquiring an additional 2,600 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of Stride by 11.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company's stock valued at $187,000 after buying an additional 183 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in shares of Stride by 208.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 46,891 shares of the company's stock valued at $4,873,000 after acquiring an additional 31,701 shares in the last quarter. Institutional investors own 98.24% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on LRN shares. William Blair reissued an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. BMO Capital Markets reissued an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Canaccord Genuity Group increased their price target on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Barrington Research raised their target price on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Wall Street Zen upgraded Stride from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $126.83.

Stride Stock Performance

NYSE LRN traded up $2.76 during trading hours on Friday, hitting $145.53. 681,192 shares of the stock were exchanged, compared to its average volume of 855,454. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 1.01 and a beta of 0.35. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30. The stock has a 50-day moving average of $148.13 and a 200 day moving average of $132.09. The company has a quick ratio of 5.53, a current ratio of 5.61 and a debt-to-equity ratio of 0.33.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.07). Stride had a net margin of 13.10% and a return on equity of 23.36%. The business had revenue of $613.38 million during the quarter, compared to analyst estimates of $591.15 million. During the same quarter in the prior year, the company earned $1.60 earnings per share. The firm's revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, equities research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current year.

Stride Profile

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.