Arizona State Retirement System Cuts Position in Stride, Inc. (NYSE:LRN)

Arizona State Retirement System decreased its position in Stride, Inc. (NYSE:LRN) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,418 shares of the company’s stock after selling 223 shares during the quarter. Arizona State Retirement System’s holdings in Stride were worth $678,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Stride in the 4th quarter valued at $29,000. Ronald Blue Trust Inc. raised its stake in Stride by 348.1% in the third quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock valued at $26,000 after buying an additional 449 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in Stride during the 3rd quarter worth about $31,000. UBS Group AG acquired a new position in shares of Stride during the 2nd quarter worth about $30,000. Finally, Tower Research Capital LLC TRC increased its holdings 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. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Trading Down 0.6 %

NYSE LRN opened at $57.24 on Friday. The firm’s fifty day moving average is $60.50 and its two-hundred day moving average is $57.81. Stride, Inc. has a one year low of $35.61 and a one year high of $69.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.44 and a current ratio of 4.52. The firm has a market cap of $2.48 billion, a PE ratio of 14.45, a P/E/G ratio of 0.67 and a beta of 0.26.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.31 by $0.23. Stride had a return on equity of 17.77% and a net margin of 8.80%. The firm had revenue of $504.87 million during the quarter, compared to the consensus estimate of $498.05 million. During the same period in the prior year, the business earned $1.19 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Analysts expect that Stride, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup upped their price target on Stride from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, January 29th. Wedbush reaffirmed an “outperform” rating on shares of Stride in a research report on Wednesday, January 24th. StockNews.com raised shares of Stride from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. Barrington Research restated an “outperform” rating and issued a $75.00 price objective on shares of Stride in a research note on Wednesday. Finally, BMO Capital Markets lifted their target price on Stride from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.75.

About Stride

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.