New York State Teachers Retirement System Lowers Position in Stride, Inc. (NYSE:LRN)

New York State Teachers Retirement System lessened its stake in Stride, Inc. (NYSE:LRN) by 10.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,073 shares of the company’s stock after selling 2,450 shares during the quarter. New York State Teachers Retirement System’s holdings in Stride were worth $2,086,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC raised its stake in Stride by 1.1% during the third quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company’s stock valued at $99,851,000 after purchasing an additional 13,050 shares in the last quarter. Geode Capital Management LLC raised its stake in Stride by 3.8% during the third quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock valued at $82,315,000 after purchasing an additional 35,349 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Stride by 51.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock valued at $79,326,000 after purchasing an additional 314,435 shares in the last quarter. Victory Capital Management Inc. increased its position in Stride by 72.4% during the third quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock valued at $70,594,000 after acquiring an additional 347,564 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in Stride by 0.7% during the third quarter. Rockefeller Capital Management L.P. now owns 753,728 shares of the company’s stock valued at $64,286,000 after acquiring an additional 5,278 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

NYSE LRN opened at $134.38 on Friday. Stride, Inc. has a 1-year low of $55.41 and a 1-year high of $145.00. The company has a market cap of $5.85 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.04 and a beta of 0.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The stock has a 50-day moving average of $120.04 and a two-hundred day moving average of $99.47.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share 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

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

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.