Stride, Inc. (NYSE:LRN) Stock Holdings Lessened by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Posted by Defense World Staff on Aug 19th, 2023

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in Stride, Inc. (NYSE:LRN – Free Report) by 0.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,364 shares of the company’s stock after selling 387 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.10% of Stride worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in LRN. UBS Group AG purchased a new stake in shares of Stride in the second quarter worth approximately $30,000. Wolverine Asset Management LLC lifted its position in shares of Stride by 124.1% in the first quarter. Wolverine Asset Management LLC now owns 1,302 shares of the company’s stock worth $51,000 after purchasing an additional 6,700 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Stride by 61.4% in the first quarter. Daiwa Securities Group Inc. now owns 1,775 shares of the company’s stock worth $70,000 after purchasing an additional 675 shares in the last quarter. IFP Advisors Inc raised its position in Stride by 16.5% during the fourth quarter. IFP Advisors Inc now owns 3,416 shares of the company’s stock valued at $79,000 after acquiring an additional 484 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new position in Stride during the first quarter valued at approximately $109,000. 98.36% of the stock is owned by hedge funds and other institutional investors.

Stride Trading Down 0.5 %

Shares of Stride stock opened at $40.70 on Friday. Stride, Inc. has a 1 year low of $30.66 and a 1 year high of $47.35. The company has a current ratio of 3.54, a quick ratio of 3.46 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $38.37 and its 200-day simple moving average is $40.01. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.63 and a beta of 0.29.

Stride (NYSE:LRN – Get Free Report) last posted its quarterly earnings results on Tuesday, August 15th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.15. Stride had a net margin of 6.90% and a return on equity of 15.06%. The firm had revenue of $483.49 million for the quarter, compared to the consensus estimate of $460.70 million. During the same quarter in the previous year, the company earned $0.66 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that Stride, Inc. will post 3.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Stride in a research report on Thursday. They set a “buy” rating on the stock. Barrington Research reiterated an “outperform” rating and set a $50.00 price target on shares of Stride in a report on Wednesday. BMO Capital Markets increased their price target on Stride from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Morgan Stanley increased their price target on Stride from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday.

View Our Latest Research Report on LRN

Stride Profile

(Free Report)

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.