New York Life Investment Management LLC decreased its holdings in shares of Stride, Inc. (NYSE:LRN – Free Report) by 22.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 12,185 shares of the company’s stock after selling 3,431 shares during the period. New York Life Investment Management LLC’s holdings in Stride were worth $478,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Stride by 7.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,744 shares of the company’s stock valued at $461,000 after acquiring an additional 808 shares during the last quarter. Alpha DNA Investment Management LLC acquired a new position in Stride in the 1st quarter worth $1,040,000. Versor Investments LP bought a new position in Stride during the 1st quarter worth about $449,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Stride by 0.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,169 shares of the company’s stock valued at $1,223,000 after purchasing an additional 283 shares during the period. Finally, Royce & Associates LP boosted its position in shares of Stride by 113.1% during the first quarter. Royce & Associates LP now owns 29,216 shares of the company’s stock worth $1,147,000 after buying an additional 15,506 shares during the period. Institutional investors own 98.36% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on Stride from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday. Morgan Stanley increased their price target on Stride from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday. Barrington Research reissued an “outperform” rating and set a $50.00 price target on shares of Stride in a research report on Wednesday. Finally, StockNews.com assumed coverage on Stride in a research report on Thursday. They set a “buy” rating for the company.
Stride Price Performance
NYSE:LRN opened at $40.07 on Thursday. The company has a quick ratio of 3.46, a current ratio of 3.54 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average price is $38.39 and its two-hundred day moving average price is $40.01. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 0.63 and a beta of 0.29. Stride, Inc. has a 12-month low of $30.66 and a 12-month high of $47.35.
Stride (NYSE:LRN – Get Free Report) last released its quarterly earnings data on Tuesday, August 15th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.15. The firm had revenue of $483.49 million for the quarter, compared to analyst estimates of $460.70 million. Stride had a return on equity of 13.36% and a net margin of 6.17%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 earnings per share. On average, analysts anticipate that Stride, Inc. will post 2.82 earnings per share for the current 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.
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