GW&K Investment Management LLC Invests $17.28 Million in Stride, Inc. $LRN

GW&K Investment Management LLC acquired a new stake in Stride, Inc. (NYSE:LRN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 116,002 shares of the company’s stock, valued at approximately $17,277,000.

Other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its stake in shares of Stride by 37.5% in the second quarter. Golden State Wealth Management LLC now owns 275 shares of the company’s stock valued at $40,000 after purchasing an additional 75 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Stride by 78.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after purchasing an additional 85 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Stride by 3.1% during the second quarter. Quadrant Capital Group LLC now owns 3,173 shares of the company’s stock worth $461,000 after purchasing an additional 94 shares in the last quarter. Trail Ridge Investment Advisors LLC grew its holdings in Stride by 1.8% in the third quarter. Trail Ridge Investment Advisors LLC now owns 5,454 shares of the company’s stock valued at $812,000 after purchasing an additional 96 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. raised its stake in shares of Stride by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 24,272 shares of the company’s stock worth $3,615,000 after buying an additional 101 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LRN. Canaccord Genuity Group reissued a “buy” rating and issued a $125.00 price target on shares of Stride in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Stride in a research note on Monday, December 29th. Barrington Research reiterated an “outperform” rating and issued a $125.00 price target on shares of Stride in a report on Wednesday, January 28th. Wall Street Zen lowered Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Morgan Stanley decreased their price objective on Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Stride presently has an average rating of “Hold” and a consensus target price of $109.75.

Stride Stock Performance

Shares of LRN stock opened at $86.89 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 0.31, a current ratio of 7.27 and a quick ratio of 7.19. The firm has a market capitalization of $3.70 billion, a P/E ratio of 13.23, a P/E/G ratio of 0.52 and a beta of 0.12. The company’s fifty day moving average price is $78.06 and its two-hundred day moving average price is $100.59.

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.