Stride, Inc. (NYSE:LRN) Position Raised by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury increased its position in shares of Stride, Inc. (NYSE:LRN) by 56.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,196 shares of the company’s stock after buying an additional 6,895 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Stride were worth $1,995,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LRN. Tidal Investments LLC raised its holdings in Stride by 64.0% during the third quarter. Tidal Investments LLC now owns 8,642 shares of the company’s stock worth $737,000 after purchasing an additional 3,374 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Stride by 14.3% in the third quarter. Franklin Resources Inc. now owns 27,816 shares of the company’s stock valued at $2,373,000 after buying an additional 3,477 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Stride in the third quarter valued at $430,000. GAMMA Investing LLC increased its holdings in shares of Stride by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 2,468 shares of the company’s stock valued at $256,000 after buying an additional 407 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in shares of Stride by 26.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 2,723 shares of the company’s stock valued at $283,000 after buying an additional 570 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

Stride Trading Up 0.2 %

NYSE LRN opened at $141.25 on Tuesday. Stride, Inc. has a twelve month low of $63.25 and a twelve month high of $146.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 1.04 and a beta of 0.47. The firm’s 50 day moving average price is $130.63 and its two-hundred day moving average price is $115.99.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. Equities analysts anticipate that Stride, Inc. will post 6.67 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on LRN. BMO Capital Markets upped their price target on Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Canaccord Genuity Group upped their price target on Stride from $145.00 to $155.00 and gave the company a “buy” rating in a report on Monday. Finally, Barrington Research lifted their price objective on shares of Stride from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.50.

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.