Oregon Public Employees Retirement Fund bought a new position in Stride, Inc. (NYSE:LRN – Get Rating) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,487 shares of the company’s stock, valued at approximately $567,000.
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A number of other institutional investors have also recently modified their holdings of the stock. Advisor Group Holdings Inc. lifted its holdings in Stride by 40.5% in the first quarter. Advisor Group Holdings Inc. now owns 2,050 shares of the company’s stock valued at $120,000 after acquiring an additional 591 shares during the period. JPMorgan Chase & Co. lifted its holdings in Stride by 26.2% in the first quarter. JPMorgan Chase & Co. now owns 228,997 shares of the company’s stock valued at $8,321,000 after acquiring an additional 47,583 shares during the period. Raymond James & Associates lifted its holdings in Stride by 9.2% in the first quarter. Raymond James & Associates now owns 9,637 shares of the company’s stock valued at $350,000 after acquiring an additional 814 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Stride by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,445 shares of the company’s stock valued at $198,000 after acquiring an additional 700 shares during the period. Finally, MetLife Investment Management LLC raised its stake in shares of Stride by 52.5% in the first quarter. MetLife Investment Management LLC now owns 23,353 shares of the company’s stock worth $848,000 after buying an additional 8,035 shares during the period. 92.34% of the stock is owned by hedge funds and other institutional investors.
Stride Price Performance
Shares of Stride stock opened at $40.11 on Friday. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.75 and a beta of 0.30. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.12 and a current ratio of 3.22. The stock has a 50 day moving average price of $33.40 and a 200-day moving average price of $37.67. Stride, Inc. has a one year low of $30.66 and a one year high of $47.35.
Stride (NYSE:LRN – Get Rating) last announced its earnings results on Tuesday, January 24th. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.12. The firm had revenue of $458.44 million during the quarter, compared to analysts’ expectations of $443.23 million. Stride had a return on equity of 12.48% and a net margin of 5.63%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. Equities analysts expect that Stride, Inc. will post 2.14 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on LRN shares. StockNews.com raised Stride from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley lifted their target price on Stride from $41.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday. BMO Capital Markets lifted their target price on Stride from $47.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Barrington Research restated an “outperform” rating and set a $50.00 price target on shares of Stride in a report on Wednesday.
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.
See Also
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