Stride, Inc. (NYSE:LRN) Stake Lowered by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its position in shares of Stride, Inc. (NYSE:LRN) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,445 shares of the company’s stock after selling 456 shares during the period. Maryland State Retirement & Pension System’s holdings in Stride were worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LRN. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Stride during the 4th quarter worth $29,000. McIlrath & Eck LLC acquired a new stake in shares of Stride in the 3rd quarter valued at $31,000. Strs Ohio bought a new stake in Stride in the fourth quarter worth $47,000. GAMMA Investing LLC acquired a new position in Stride during the fourth quarter worth $65,000. Finally, Nisa Investment Advisors LLC raised its holdings in Stride by 156.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,310 shares of the company’s stock valued at $78,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Stock Performance

Shares of NYSE LRN opened at $71.50 on Friday. Stride, Inc. has a 12 month low of $35.61 and a 12 month high of $73.32. The company has a market cap of $3.09 billion, a P/E ratio of 16.78, a P/E/G ratio of 0.77 and a beta of 0.26. The business’s 50 day moving average is $62.88 and its two-hundred day moving average is $60.00. The company has a quick ratio of 4.21, a current ratio of 4.29 and a debt-to-equity ratio of 0.40.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. Stride had a net margin of 9.29% and a return on equity of 18.29%. The business had revenue of $520.84 million for the quarter, compared to analyst estimates of $507.89 million. During the same quarter in the previous year, the firm posted $1.30 earnings per share. Stride’s revenue was up 10.7% compared to the same quarter last year. On average, equities analysts expect that Stride, Inc. will post 4.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Morgan Stanley upped their price target on Stride from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Citigroup lifted their price target on shares of Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, January 29th. BMO Capital Markets boosted their price objective on shares of Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Finally, Barrington Research reiterated an “outperform” rating and issued a $75.00 target price on shares of Stride in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $72.00.

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.