New York State Teachers Retirement System lifted its stake in Stride, Inc. (NYSE:LRN - Free Report) by 17.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,673 shares of the company's stock after acquiring an additional 3,600 shares during the period. New York State Teachers Retirement System owned 0.05% of Stride worth $2,995,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in LRN. Point72 Hong Kong Ltd bought a new position in shares of Stride in the 4th quarter worth $41,000. CIBC Private Wealth Group LLC increased its position in Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after buying an additional 178 shares in the last quarter. Fifth Third Bancorp increased its position in Stride by 158.8% during the 1st quarter. Fifth Third Bancorp now owns 383 shares of the company's stock valued at $48,000 after buying an additional 235 shares in the last quarter. Golden State Wealth Management LLC increased its position in Stride by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 400 shares of the company's stock valued at $51,000 after buying an additional 200 shares in the last quarter. Finally, Park Place Capital Corp acquired a new position in Stride during the 1st quarter valued at about $63,000. 98.24% of the stock is owned by institutional investors.
Stride Stock Performance
Shares of LRN stock traded down $1.68 on Friday, hitting $134.24. The company had a trading volume of 560,279 shares, compared to its average volume of 860,287. The firm has a market cap of $5.84 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 0.88 and a beta of 0.32. Stride, Inc. has a twelve month low of $63.25 and a twelve month high of $162.30. The company has a quick ratio of 5.53, a current ratio of 5.61 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $147.68 and a 200-day moving average price of $134.08.
Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). Stride had a net margin of 13.10% and a return on equity of 23.36%. The business had revenue of $613.38 million during the quarter, compared to analyst estimates of $591.15 million. During the same quarter in the prior year, the company posted $1.60 earnings per share. The company's revenue was up 17.8% on a year-over-year basis. As a group, equities research analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on LRN. Barrington Research lifted their target price on shares of Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. William Blair reissued an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Canaccord Genuity Group lifted their price target on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. Finally, Wall Street Zen raised Stride from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $126.83.
Check Out Our Latest Report on LRN
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.
Further Reading
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