Bessemer Group Inc. Has $7.50 Million Position in Stride, Inc. $LRN

Bessemer Group Inc. raised its holdings in shares of Stride, Inc. (NYSE:LRN) by 41.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,100 shares of the company’s stock after purchasing an additional 24,969 shares during the quarter. Bessemer Group Inc. owned 0.20% of Stride worth $7,503,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Stride by 78.7% during 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. Geneos Wealth Management Inc. increased its position in shares of Stride by 62.7% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after acquiring an additional 131 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of Stride by 2.4% in the 4th quarter. Maryland State Retirement & Pension System now owns 6,338 shares of the company’s stock worth $412,000 after acquiring an additional 149 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Stride in the 2nd quarter worth about $25,000. Finally, Rezny Wealth Management Inc. lifted its position in Stride by 1.3% in the 4th quarter. Rezny Wealth Management Inc. now owns 14,361 shares of the company’s stock valued at $932,000 after acquiring an additional 190 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barrington Research reiterated an “outperform” rating and set a $125.00 price target on shares of Stride in a research note on Thursday, April 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a research note on Wednesday, July 8th. William Blair restated an “outperform” rating on shares of Stride in a report on Monday, June 15th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $109.75.

Stride Trading Down 0.1%

Shares of LRN stock opened at $87.21 on Monday. Stride, Inc. has a 52-week low of $60.61 and a 52-week high of $171.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.14 and a current ratio of 6.21. The company has a 50-day simple moving average of $89.98 and a two-hundred day simple moving average of $86.17. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.49 and a beta of 0.10.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, April 28th. The company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.21 by $0.09. Stride had a net margin of 12.15% and a return on equity of 25.20%. The firm had revenue of $629.87 million for the quarter, compared to analysts’ expectations of $629.69 million. During the same quarter last year, the firm earned $2.02 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts anticipate that Stride, Inc. will post 8.21 EPS for the current fiscal year.

Stride 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.