Teacher Retirement System of Texas lifted its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 93.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,243 shares of the company's stock after purchasing an additional 13,195 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Stride worth $2,831,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. William Blair Investment Management LLC grew its stake in Stride by 18.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock worth $256,397,000 after purchasing an additional 375,686 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Stride by 1.1% during the third quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company's stock worth $99,851,000 after buying an additional 13,050 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Stride by 3.8% during the third quarter. Geode Capital Management LLC now owns 964,701 shares of the company's stock worth $82,315,000 after buying an additional 35,349 shares during the period. Principal Financial Group Inc. raised its holdings in Stride by 293.1% in the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after acquiring an additional 645,835 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Stride by 0.7% in the third quarter. Rockefeller Capital Management L.P. now owns 753,728 shares of the company's stock worth $64,286,000 after acquiring an additional 5,278 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.
Wall Street Analysts Forecast Growth
LRN has been the topic of a number of analyst reports. Canaccord Genuity Group raised their price objective on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Morgan Stanley raised their price target on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. BMO Capital Markets upped their price objective on Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, Barrington Research reissued an "outperform" rating and set a $140.00 target price on shares of Stride in a research report on Friday, March 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $119.33.
Check Out Our Latest Stock Analysis on LRN
Stride Stock Performance
Shares of LRN stock traded down $2.40 during mid-day trading on Friday, hitting $126.16. 467,936 shares of the stock were exchanged, compared to its average volume of 827,523. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00. 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 capitalization of $5.49 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 1.04 and a beta of 0.46. The stock's fifty day simple moving average is $130.15 and its two-hundred day simple moving average is $107.63.
Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.
About Stride
(
Free Report)
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.
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