OMERS ADMINISTRATION Corp Acquires Shares of 8,403 Stride, Inc. $LRN

OMERS ADMINISTRATION Corp bought a new position in Stride, Inc. (NYSE:LRN) in the second quarter, HoldingsChannel.com reports. The fund bought 8,403 shares of the company’s stock, valued at approximately $725,000.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a report on Monday, June 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a report on Wednesday, July 8th. Finally, William Blair downgraded shares of Stride from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $109.75.

Stride Stock Up 0.8%

Stride stock opened at $85.29 on Friday. The company has a 50 day moving average of $85.71 and a 200-day moving average of $88.35. 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 twelve month low of $60.61 and a twelve month high of $169.08. The stock has a market capitalization of $3.54 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 0.49 and a beta of 0.11.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.48. The business had revenue of $636.06 million for the quarter, compared to analyst estimates of $626.52 million. Stride had a net margin of 13.43% and a return on equity of 23.49%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the business posted $2.29 earnings per share. On average, equities research analysts anticipate that Stride, Inc. will post 8.62 EPS for the current fiscal year.

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.