Stride, Inc. $LRN Shares Acquired by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. boosted its position in Stride, Inc. (NYSE:LRN) by 81.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 443,607 shares of the company’s stock after buying an additional 199,766 shares during the period. Clark Capital Management Group Inc.’s holdings in Stride were worth $66,071,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. boosted its position in Stride by 1.3% during the third quarter. Invesco Ltd. now owns 1,805,508 shares of the company’s stock worth $268,912,000 after purchasing an additional 23,488 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Stride by 37.2% in the third quarter. William Blair Investment Management LLC now owns 1,511,080 shares of the company’s stock valued at $225,060,000 after buying an additional 410,029 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Stride by 88.6% in the second quarter. Squarepoint Ops LLC now owns 1,086,879 shares of the company’s stock valued at $157,804,000 after buying an additional 510,641 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Stride by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,045,904 shares of the company’s stock worth $151,873,000 after buying an additional 24,889 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Stride during the 2nd quarter worth $92,858,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LRN shares. Wall Street Zen cut shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Canaccord Genuity Group restated a “buy” rating and set a $125.00 target price on shares of Stride in a research report on Wednesday, January 28th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a report on Tuesday, March 3rd. Morgan Stanley lowered their price target on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Finally, Barrington Research reissued an “outperform” rating and set a $125.00 price objective on shares of Stride in a research note on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $109.75.

Stride Stock Up 0.5%

LRN opened at $84.25 on Friday. The firm has a market cap of $3.59 billion, a P/E ratio of 12.82, a PEG ratio of 0.50 and a beta of 0.12. The business’s fifty day simple moving average is $80.00 and its 200 day simple moving average is $97.29. Stride, Inc. has a 52 week low of $60.61 and a 52 week high of $171.17. The company has a quick ratio of 7.19, a current ratio of 7.27 and a debt-to-equity ratio of 0.31.

Stride Company Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.