Strs Ohio Has $45,000 Holdings in Stride, Inc. $LRN

Strs Ohio cut its stake in shares of Stride, Inc. (NYSE:LRN) by 93.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 700 shares of the company’s stock after selling 10,700 shares during the quarter. Strs Ohio’s holdings in Stride were worth $45,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Stride by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 4,883,571 shares of the company’s stock worth $317,090,000 after buying an additional 340,838 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Stride by 1.3% during the third quarter. Invesco Ltd. now owns 1,805,508 shares of the company’s stock worth $268,912,000 after buying an additional 23,488 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Stride by 37.2% during the third quarter. William Blair Investment Management LLC now owns 1,511,080 shares of the company’s stock worth $225,060,000 after buying an additional 410,029 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Stride by 325.0% during the fourth quarter. SG Americas Securities LLC now owns 556,452 shares of the company’s stock worth $36,130,000 after buying an additional 425,524 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Stride by 30.9% during the third quarter. Wellington Management Group LLP now owns 511,820 shares of the company’s stock worth $76,230,000 after buying an additional 120,898 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LRN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Stride in a report on Friday, April 10th. Canaccord Genuity Group reiterated a “buy” rating and set a $125.00 price target on shares of Stride in a report on Wednesday, January 28th. Wall Street Zen downgraded shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Barrington Research reiterated an “outperform” rating and set a $125.00 price target on shares of Stride in a report on Thursday, April 16th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Stride in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $109.75.

Stride Stock Performance

NYSE LRN opened at $87.82 on Thursday. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 0.53 and a beta of 0.13. Stride, Inc. has a twelve month low of $60.61 and a twelve month high of $171.17. The stock has a fifty day simple moving average of $90.17 and a 200 day simple moving average of $79.83. The company has a quick ratio of 6.14, a current ratio of 6.21 and a debt-to-equity ratio of 0.29.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.09. The business had revenue of $629.87 million during the quarter, compared to the consensus estimate of $629.69 million. Stride had a return on equity of 25.20% and a net margin of 12.15%.Stride’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.02 earnings per share. Sell-side analysts expect that Stride, Inc. will post 8.21 EPS for the current year.

Stride Company Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.