PDT Partners LLC Increases Holdings in Stride, Inc. (NYSE:LRN)

PDT Partners LLC grew its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,884 shares of the company's stock after purchasing an additional 6,297 shares during the quarter. PDT Partners LLC owned approximately 0.08% of Stride worth $3,833,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Mutual of America Capital Management LLC increased its position in shares of Stride by 1.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company's stock valued at $675,000 after purchasing an additional 93 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Stride by 0.8% during the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company's stock worth $1,240,000 after acquiring an additional 99 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Stride by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company's stock worth $2,151,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Stride by 1.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company's stock worth $1,047,000 after acquiring an additional 100 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Stride by 3.6% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company's stock worth $336,000 after acquiring an additional 113 shares during the period. 98.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LRN shares. Barrington Research increased their price target on Stride from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. BMO Capital Markets increased their price target on Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Finally, Canaccord Genuity Group increased their price target on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $123.50.

Stride Stock Up 0.2 %

Shares of NYSE LRN opened at $141.25 on Tuesday. The business has a 50-day simple moving average of $130.63 and a two-hundred day simple moving average of $115.99. Stride, Inc. has a 52 week low of $63.25 and a 52 week high of $146.49. The company has a market cap of $6.15 billion, a P/E ratio of 23.58, a P/E/G ratio of 1.04 and a beta of 0.47. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. Research analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Stride Company 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.

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