New York State Teachers Retirement System Sells 446 Shares of Stride, Inc. (NYSE:LRN)

New York State Teachers Retirement System cut its holdings in Stride, Inc. (NYSE:LRN) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 22,679 shares of the company’s stock after selling 446 shares during the period. New York State Teachers Retirement System’s holdings in Stride were worth $1,346,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in shares of Stride by 51.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,015 shares of the company’s stock valued at $40,000 after acquiring an additional 346 shares during the last quarter. FMR LLC lifted its position in Stride by 0.4% in the second quarter. FMR LLC now owns 84,342 shares of the company’s stock valued at $3,441,000 after purchasing an additional 346 shares during the last quarter. CenterBook Partners LP boosted its stake in shares of Stride by 3.4% during the first quarter. CenterBook Partners LP now owns 11,215 shares of the company’s stock valued at $440,000 after purchasing an additional 366 shares during the period. Kirr Marbach & Co. LLC IN grew its holdings in shares of Stride by 0.3% in the third quarter. Kirr Marbach & Co. LLC IN now owns 111,211 shares of the company’s stock worth $5,008,000 after purchasing an additional 382 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Stride by 1.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,065 shares of the company’s stock worth $1,034,000 after buying an additional 393 shares during the period. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LRN. Morgan Stanley increased their price target on shares of Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. StockNews.com raised Stride from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. Barrington Research restated an “outperform” rating and set a $75.00 price target on shares of Stride in a report on Wednesday. BMO Capital Markets increased their price objective on Stride from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Wedbush reissued an “outperform” rating on shares of Stride in a research note on Wednesday, January 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.75.

Stride Stock Performance

Shares of LRN opened at $57.57 on Thursday. The company has a 50-day simple moving average of $60.56 and a two-hundred day simple moving average of $57.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.52 and a quick ratio of 4.44. The firm has a market capitalization of $2.50 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.68 and a beta of 0.26. Stride, Inc. has a one year low of $35.61 and a one year high of $69.70.

Stride (NYSE:LRN) last released its earnings results on Tuesday, January 23rd. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.23. Stride had a return on equity of 17.77% and a net margin of 8.80%. The company had revenue of $504.87 million during the quarter, compared to analysts’ expectations of $498.05 million. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 EPS. On average, analysts anticipate that Stride, Inc. will post 4.31 EPS for the current fiscal year.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.