State of Tennessee Department of Treasury Grows Stock Holdings in Stride, Inc. (NYSE:LRN)

State of Tennessee Department of Treasury increased its position in Stride, Inc. (NYSE:LRN - Free Report) by 56.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,196 shares of the company's stock after purchasing an additional 6,895 shares during the quarter. State of Tennessee Department of Treasury's holdings in Stride were worth $1,995,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. purchased a new position in shares of Stride in the fourth quarter valued at $5,696,000. Congress Asset Management Co. boosted its stake in shares of Stride by 8.2% in the fourth quarter. Congress Asset Management Co. now owns 578,540 shares of the company's stock valued at $60,128,000 after purchasing an additional 43,829 shares during the period. Aigen Investment Management LP purchased a new position in shares of Stride in the fourth quarter valued at $995,000. Truist Financial Corp purchased a new position in shares of Stride in the fourth quarter valued at $302,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Stride by 61.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company's stock valued at $20,250,000 after acquiring an additional 72,518 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Stride Stock Performance

Shares of LRN stock opened at $141.25 on Tuesday. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $130.63 and a two-hundred day 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 PEG ratio of 1.04 and a beta of 0.47.

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

Wall Street Analyst Weigh In

LRN has been the topic of several recent analyst reports. Canaccord Genuity Group upped their price target on shares of Stride from $145.00 to $155.00 and gave the company a "buy" rating in a report on Monday. BMO Capital Markets upped their price target on shares of Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Finally, Barrington Research upped their price target on shares of Stride from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Stride currently has a consensus rating of "Moderate Buy" and an average target price of $123.50.

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.

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