Stride, Inc. (NYSE:LRN) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in Stride, Inc. (NYSE:LRN) by 5.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,947 shares of the company’s stock after buying an additional 367 shares during the period. PNC Financial Services Group Inc.’s holdings in Stride were worth $722,000 at the end of the most recent quarter.

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

Stride Stock Performance

NYSE:LRN opened at $121.95 on Tuesday. The firm has a 50-day moving average of $127.61 and a two-hundred day moving average of $105.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The stock has a market cap of $5.31 billion, a P/E ratio of 20.36, a PEG ratio of 1.04 and a beta of 0.46. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00.

Stride (NYSE:LRN) 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, research analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Stride Company Profile

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.