Free Trial

New York State Common Retirement Fund Acquires 30,614 Shares of Stride, Inc. (NYSE:LRN)

Stride logo with Consumer Discretionary background

New York State Common Retirement Fund increased its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 28.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,344 shares of the company's stock after acquiring an additional 30,614 shares during the period. New York State Common Retirement Fund owned about 0.32% of Stride worth $17,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of LRN. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Stride by 2.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,814 shares of the company's stock worth $1,436,000 after acquiring an additional 393 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Stride during the fourth quarter worth $212,000. Avantax Advisory Services Inc. acquired a new position in Stride during the fourth quarter worth $214,000. Swiss National Bank increased its position in Stride by 0.7% during the fourth quarter. Swiss National Bank now owns 80,800 shares of the company's stock worth $8,398,000 after buying an additional 600 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in Stride by 14.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company's stock worth $163,000 after buying an additional 199 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LRN has been the topic of several analyst reports. BMO Capital Markets reissued an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Barrington Research raised their price target on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. William Blair reaffirmed an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Wall Street Zen raised Stride from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Finally, Canaccord Genuity Group raised their price target on Stride from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Stride currently has an average rating of "Moderate Buy" and a consensus target price of $126.83.

View Our Latest Stock Report on Stride

Stride Stock Performance

LRN stock traded up $0.48 during trading on Friday, reaching $133.23. 536,062 shares of the stock were exchanged, compared to its average volume of 861,368. Stride, Inc. has a twelve month low of $63.25 and a twelve month high of $162.30. The company has a market capitalization of $5.80 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 0.86 and a beta of 0.32. The stock has a 50 day simple moving average of $145.19 and a 200-day simple moving average of $135.06. The company has a current ratio of 5.61, a quick ratio of 5.53 and a debt-to-equity ratio of 0.33.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). Stride had a return on equity of 23.36% and a net margin of 13.10%. The firm had revenue of $613.38 million for the quarter, compared to analyst estimates of $591.15 million. During the same period last year, the business earned $1.60 earnings per share. The firm's quarterly revenue was up 17.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current year.

Stride Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Stride (NYSE:LRN)

Should You Invest $1,000 in Stride Right Now?

Before you consider Stride, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stride wasn't on the list.

While Stride currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It
NVDA Greenlight: China Sales Spark 50% Rally Potential

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines