10 Most Profitable Consumer Defensive Stocks to Buy Now

5. Stride, Inc. (NYSE:LRN)

Number of Hedge Fund holdings: 41

During the second quarter, Mountain Pacific Investment Advisers LLC purchased a new stake in Stride, Inc. (NYSE:LRN) following the acquisition of 37,256 shares of the company’s stock. According to a recent disclosure with the SEC, the adviser firm now owns 0.09% of the company, reflecting an investment of approximately $5,409,000.

We all know COVID changed a lot, but what no one expected was how it would structurally transform the education system. With that being said, educational institutions are utilizing the cutting-edge technology offered by Stride, Inc. (NYSE:LRN). For the company, this translates to recurring revenue, strong pricing power, and sustainable market expansion in the years ahead, supported by gross margins of over 80%.

From the company’s K-12 virtual schools to its Career Learning division, Stride, Inc. (NYSE:LRN) is ensuring that it remains relevant in the market post-COVID normalization. To say the least, the company is becoming the infrastructure foundation for educational institutions pursuing modernized delivery capabilities.

Stride, Inc. (NYSE:LRN), incorporated in 1999, is a Virginia-based provider of online curriculum, software systems, and educational services. The core offerings of the company include integrated packages of systems, learning software, and support services, and individual online courses and supplemental educational products.