Strs Ohio Sells 10,700 Shares of Stride, Inc. $LRN

Strs Ohio lessened its position in shares of Stride, Inc. (NYSE:LRN) by 93.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 700 shares of the company’s stock after selling 10,700 shares during the period. Strs Ohio’s holdings in Stride were worth $45,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Stride by 78.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after buying an additional 85 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Stride by 62.7% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after buying an additional 131 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Stride by 8.9% in the third quarter. Nisa Investment Advisors LLC now owns 1,704 shares of the company’s stock valued at $254,000 after buying an additional 139 shares during the period. Measured Wealth Private Client Group LLC boosted its stake in shares of Stride by 3.8% in the third quarter. Measured Wealth Private Client Group LLC now owns 4,619 shares of the company’s stock valued at $688,000 after buying an additional 169 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Stride by 1.3% in the third quarter. Arizona State Retirement System now owns 12,879 shares of the company’s stock valued at $1,918,000 after buying an additional 170 shares during the period. Institutional investors own 98.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Stride Stock Up 0.5%

Shares of LRN opened at $87.82 on Thursday. Stride, Inc. has a one year low of $60.61 and a one year high of $171.17. The company has a market cap of $3.74 billion, a P/E ratio of 13.55, a P/E/G ratio of 0.53 and a beta of 0.13. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.21 and a quick ratio of 6.14. The firm has a 50 day simple moving average of $90.17 and a two-hundred day simple moving average of $79.83.

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

Stride 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.