Kirr Marbach & Co. LLC IN Has $12.87 Million Holdings in Stride, Inc. (NYSE:LRN)

Kirr Marbach & Co. LLC IN lowered its stake in Stride, Inc. (NYSE:LRN - Free Report) by 5.1% in the first quarter, according to its most recent disclosure 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 makes up approximately 3.0% of Kirr Marbach & Co. LLC IN's holdings, making the stock its 13th biggest position. Kirr Marbach & Co. LLC IN owned about 0.23% of Stride worth $12,869,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Stride in the fourth quarter worth about $41,000. CIBC Private Wealth Group LLC lifted its position in shares of Stride by 85.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after buying an additional 178 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Stride by 158.8% in the first quarter. Fifth Third Bancorp now owns 383 shares of the company's stock worth $48,000 after buying an additional 235 shares during the last quarter. Covestor Ltd lifted its position in shares of Stride by 51.6% in the fourth quarter. Covestor Ltd now owns 632 shares of the company's stock worth $66,000 after buying an additional 215 shares during the last quarter. Finally, Gen Wealth Partners Inc acquired a new stake in shares of Stride in the fourth quarter worth about $75,000. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Trading Up 0.8%

Shares of LRN opened at $147.09 on Tuesday. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30. The company has a quick ratio of 5.53, a current ratio of 5.61 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 1.03 and a beta of 0.35. The stock's 50-day moving average price is $147.55 and its 200 day moving average price is $131.42.

Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (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 firm had revenue of $613.38 million for the quarter, compared to the consensus estimate of $591.15 million. During the same quarter in the prior year, the firm earned $1.60 earnings per share. The company's revenue was up 17.8% on a year-over-year basis. As a group, research analysts predict that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Ratings Changes

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

Stride Company 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.

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