Rockefeller Capital Management L.P. lessened its holdings in shares of Stride, Inc. (NYSE:LRN – Free Report) by 95.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 24,749 shares of the company’s stock after selling 539,814 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Stride were worth $3,593,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in Stride in the first quarter worth about $38,835,000. Fiera Capital Corp bought a new stake in shares of Stride during the 1st quarter worth about $29,526,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Stride by 657.1% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 174,900 shares of the company’s stock worth $25,394,000 after acquiring an additional 151,800 shares during the period. Candriam S.C.A. boosted its holdings in shares of Stride by 214.2% in the first quarter. Candriam S.C.A. now owns 189,143 shares of the company’s stock valued at $23,927,000 after acquiring an additional 128,947 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. increased its stake in shares of Stride by 1,399.1% during the second quarter. Cookson Peirce & Co. Inc. now owns 97,338 shares of the company’s stock valued at $14,133,000 after acquiring an additional 90,845 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.
Stride Trading Down 0.3%
Shares of NYSE LRN opened at $65.57 on Friday. The company has a quick ratio of 5.27, a current ratio of 6.78 and a debt-to-equity ratio of 0.32. Stride, Inc. has a 12 month low of $62.49 and a 12 month high of $171.17. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 0.40 and a beta of -0.02. The business has a fifty day simple moving average of $117.45 and a 200-day simple moving average of $137.30.
Wall Street Analyst Weigh In
LRN has been the topic of several recent analyst reports. Zacks Research cut Stride from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stride in a research note on Wednesday. Barrington Research cut their price objective on Stride from $185.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. BMO Capital Markets set a $108.00 target price on Stride and gave the company a “market perform” rating in a research note on Wednesday, October 29th. Finally, Morgan Stanley boosted their price target 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. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Stride presently has an average rating of “Moderate Buy” and a consensus target price of $141.75.
View Our Latest Stock Analysis on LRN
Stride 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.
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