South Street Advisors LLC Reduces Position in Stride, Inc. (NYSE:LRN)

South Street Advisors LLC decreased its holdings in Stride, Inc. (NYSE:LRN) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,559 shares of the company’s stock after selling 100 shares during the period. South Street Advisors LLC owned 0.20% of Stride worth $9,100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LRN. Mutual of America Capital Management LLC grew its position in shares of Stride by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock valued at $675,000 after purchasing an additional 93 shares in the last quarter. Arizona State Retirement System grew its holdings in Stride by 0.8% during the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company’s stock valued at $1,240,000 after buying an additional 99 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Stride by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock valued at $2,151,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Stride by 1.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock valued at $1,047,000 after buying an additional 100 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Stride by 3.6% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company’s stock worth $336,000 after buying an additional 113 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

Stride Stock Up 0.5 %

LRN opened at $121.95 on Tuesday. Stride, Inc. has a one year low of $56.17 and a one year high of $145.00. The company has a fifty day moving average price of $127.61 and a 200-day moving average price of $105.03. The firm has a market capitalization of $5.31 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. Equities research analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on LRN shares. BMO Capital Markets upped their target price on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Barrington Research restated an “outperform” rating and set a $140.00 price target on shares of Stride in a research report on Friday. Morgan Stanley boosted their price target on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group boosted their price target on shares of Stride from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.33.

About Stride

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.