New York State Teachers Retirement System Has $2.09 Million Holdings in Stride, Inc. (NYSE:LRN)

New York State Teachers Retirement System lessened its holdings in shares of Stride, Inc. (NYSE:LRN) by 10.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,073 shares of the company’s stock after selling 2,450 shares during the period. New York State Teachers Retirement System’s holdings in Stride were worth $2,086,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Stride during the 4th quarter worth approximately $37,000. TD Private Client Wealth LLC grew its position in shares of Stride by 27.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock worth $167,000 after purchasing an additional 426 shares in the last quarter. KBC Group NV grew its position in shares of Stride by 68.5% during the 4th quarter. KBC Group NV now owns 1,891 shares of the company’s stock worth $197,000 after purchasing an additional 769 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in shares of Stride during the 4th quarter worth approximately $205,000. Finally, OLD National Bancorp IN acquired a new stake in shares of Stride during the 4th quarter worth approximately $206,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Price Performance

Shares of Stride stock opened at $134.38 on Friday. The firm has a market cap of $5.85 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32. Stride, Inc. has a 12-month low of $55.41 and a 12-month high of $145.00. 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 company’s fifty day simple moving average is $120.04 and its two-hundred day simple moving average is $99.47.

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

Wall Street Analysts Forecast Growth

LRN has been the topic of several analyst reports. Citigroup increased their price target on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. BMO Capital Markets increased their price target on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Morgan Stanley increased their price target on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Barrington Research increased their price target on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Canaccord Genuity Group increased their price target on shares of Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.83.

About Stride

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.