Kirr Marbach & Co. LLC IN Cuts Position in Stride, Inc. (NYSE:LRN)

Kirr Marbach & Co. LLC IN trimmed its holdings in shares of Stride, Inc. (NYSE:LRN) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 107,209 shares of the company’s stock after selling 348 shares during the period. Stride makes up approximately 2.4% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 15th largest position. Kirr Marbach & Co. LLC IN owned approximately 0.25% of Stride worth $11,142,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LRN. Congress Asset Management Co. purchased a new position in Stride in the third quarter worth about $45,616,000. Victory Capital Management Inc. increased its position in shares of Stride by 72.4% during the third quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock valued at $70,594,000 after acquiring an additional 347,564 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Stride by 51.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock worth $79,326,000 after acquiring an additional 314,435 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in Stride in the 3rd quarter valued at approximately $21,044,000. Finally, Wellington Management Group LLP boosted its stake in Stride by 416.7% during the 3rd quarter. Wellington Management Group LLP now owns 275,483 shares of the company’s stock valued at $23,501,000 after purchasing an additional 222,165 shares during the last quarter. 98.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LRN. BMO Capital Markets boosted their price target on Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Canaccord Genuity Group upped their target price on shares of Stride from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Monday. Barrington Research raised their price target on shares of Stride from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Morgan Stanley boosted their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Citigroup raised their target price on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $107.50.

Stride Stock Up 1.3 %

LRN opened at $120.50 on Wednesday. The firm’s 50 day simple moving average is $108.82 and its two-hundred day simple moving average is $91.29. The company has a market capitalization of $5.25 billion, a PE ratio of 21.91, a PEG ratio of 0.88 and a beta of 0.32. Stride, Inc. has a 1-year low of $54.81 and a 1-year high of $121.40. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 21.23% and a net margin of 11.38%. As a group, equities analysts forecast that Stride, Inc. will post 6.64 EPS 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.