Sei Investments Co. Grows Position in Stride, Inc. $LRN

Sei Investments Co. raised its stake in shares of Stride, Inc. (NYSE:LRN) by 76.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 44,007 shares of the company’s stock after purchasing an additional 19,106 shares during the quarter. Sei Investments Co.’s holdings in Stride were worth $3,880,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Stride in the 2nd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Stride by 78.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after buying an additional 85 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Stride during the 4th quarter worth $35,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Stride by 482.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 617 shares of the company’s stock worth $40,000 after buying an additional 511 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Stride by 62.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after buying an additional 131 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

Shares of LRN stock opened at $80.27 on Friday. Stride, Inc. has a 12 month low of $60.61 and a 12 month high of $171.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.94 and a quick ratio of 6.14. The firm has a market capitalization of $3.41 billion, a P/E ratio of 11.15, a P/E/G ratio of 0.48 and a beta of 0.11. The company’s fifty day moving average price is $89.02 and its two-hundred day moving average price is $87.91.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LRN. William Blair downgraded Stride from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. BMO Capital Markets restated a “market perform” rating on shares of Stride in a report on Monday, June 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a research note on Wednesday, July 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $125.00 target price on shares of Stride in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Stride currently has an average rating of “Hold” and a consensus target price of $109.75.

About Stride

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.