Aberdeen Group plc Trims Stake in Stride, Inc. $LRN

Aberdeen Group plc trimmed its position in Stride, Inc. (NYSE:LRN) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,763 shares of the company’s stock after selling 11,265 shares during the quarter. Aberdeen Group plc’s holdings in Stride were worth $20,004,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC raised its holdings 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 acquiring an additional 75 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in 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 acquiring an additional 85 shares in the last quarter. Quadrant Capital Group LLC increased its position in Stride by 3.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,173 shares of the company’s stock valued at $461,000 after purchasing an additional 94 shares during the period. Trail Ridge Investment Advisors LLC raised its holdings in shares of Stride by 1.8% in the 3rd 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 in the last quarter. Finally, Campbell Newman Asset Management Inc. lifted its position in shares of Stride by 0.4% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 24,272 shares of the company’s stock worth $3,615,000 after purchasing an additional 101 shares during the period. Institutional investors own 98.24% of the company’s stock.

Wall Street Analysts Forecast Growth

LRN has been the topic of several research reports. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Zacks Research cut Stride from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Morgan Stanley cut their price target on Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Barrington Research reissued an “outperform” rating and issued a $125.00 price target on shares of Stride in a research report on Wednesday, January 28th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $94.00 price objective on shares of Stride in a research report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Stride currently has an average rating of “Hold” and a consensus price target of $109.75.

Stride Stock Performance

Shares of LRN opened at $84.39 on Thursday. The company has a current ratio of 7.27, a quick ratio of 7.19 and a debt-to-equity ratio of 0.31. The firm has a market cap of $3.59 billion, a PE ratio of 12.84, a P/E/G ratio of 0.50 and a beta of 0.10. Stride, Inc. has a 12 month low of $60.61 and a 12 month high of $171.17. The stock has a fifty day moving average price of $73.43 and a 200-day moving average price of $105.70.

Stride 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.