Nordea Investment Management AB Sells 15,837 Shares of Stride, Inc. $LRN

Nordea Investment Management AB lowered its holdings in Stride, Inc. (NYSE:LRN) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,967 shares of the company’s stock after selling 15,837 shares during the period. Nordea Investment Management AB owned about 0.24% of Stride worth $6,849,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Stride during the 2nd quarter valued at $25,000. Financial Management Professionals Inc. bought a new stake in shares of Stride during the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Stride in the 2nd quarter worth about $30,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Stride by 78.7% in 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. Finally, Toth Financial Advisory Corp grew its position in Stride by 1,566.7% during the third quarter. Toth Financial Advisory Corp now owns 200 shares of the company’s stock valued at $30,000 after buying an additional 188 shares during the period. Institutional investors own 98.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LRN shares. Weiss Ratings restated a “hold (c+)” rating on shares of Stride in a report on Monday, December 29th. BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a research note on Tuesday, March 3rd. Barrington Research reissued an “outperform” rating and set a $125.00 target price on shares of Stride in a research report on Wednesday, January 28th. Canaccord Genuity Group restated a “buy” rating and set a $125.00 price target on shares of Stride in a research note on Wednesday, January 28th. Finally, 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 report on Wednesday, December 17th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $109.75.

Stride Trading Down 0.8%

Shares of LRN opened at $87.89 on Friday. The business has a 50-day moving average of $83.19 and a 200 day moving average of $92.96. Stride, Inc. has a fifty-two week low of $60.61 and a fifty-two week high of $171.17. The firm has a market cap of $3.74 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 0.54 and a beta of 0.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.19 and a current ratio of 7.27.

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.