Teacher Retirement System of Texas Reduces Stock Holdings in Stride, Inc. $LRN

Teacher Retirement System of Texas reduced its stake in Stride, Inc. (NYSE:LRN) by 5.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 17,466 shares of the company’s stock after selling 1,087 shares during the period. Teacher Retirement System of Texas’ holdings in Stride were worth $2,536,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in LRN. Larson Financial Group LLC increased its stake in Stride by 333.3% in the first quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock valued at $26,000 after purchasing an additional 160 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Stride by 140.5% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock valued at $34,000 after purchasing an additional 156 shares during the last quarter. Harbour Investments Inc. increased its stake in Stride by 374.6% in the first quarter. Harbour Investments Inc. now owns 337 shares of the company’s stock valued at $43,000 after purchasing an additional 266 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Stride during the first quarter worth approximately $43,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Stride by 62.7% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after acquiring an additional 131 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO James Jeaho Rhyu sold 13,961 shares of Stride stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total value of $2,270,896.26. Following the transaction, the chief executive officer directly owned 706,353 shares in the company, valued at $114,895,378.98. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Stride Stock Performance

NYSE:LRN opened at $67.92 on Monday. The firm’s fifty day moving average price is $146.31 and its 200 day moving average price is $145.39. Stride, Inc. has a 1-year low of $65.11 and a 1-year high of $171.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 6.78 and a quick ratio of 5.27. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 0.40 and a beta of 0.07.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.29. Stride had a net margin of 12.76% and a return on equity of 26.29%. The firm had revenue of $620.88 million for the quarter, compared to analyst estimates of $615.50 million. During the same period last year, the firm posted $0.94 EPS. Stride’s quarterly revenue was up 12.7% on a year-over-year basis. Stride has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, sell-side analysts expect that Stride, Inc. will post 6.67 EPS for the current year.

Analysts Set New Price Targets

LRN has been the topic of a number of research reports. Zacks Research lowered shares of Stride from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley raised their target price on shares of Stride from $148.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Weiss Ratings restated a “buy (b)” rating on shares of Stride in a research report on Wednesday, October 8th. Barrington Research lowered their target price on shares of Stride from $185.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Finally, BMO Capital Markets set a $108.00 target price on shares of Stride and gave the stock a “market perform” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.75.

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.