Stride, Inc. $LRN Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in shares of Stride, Inc. (NYSE:LRN) by 114.4% during the first quarter, HoldingsChannel reports. The firm owned 57,849 shares of the company’s stock after purchasing an additional 30,866 shares during the quarter. Quantinno Capital Management LP’s holdings in Stride were worth $5,101,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new position in Stride in the 2nd quarter worth $25,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Stride by 78.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after buying an additional 85 shares during the last quarter. Leonteq Securities AG bought a new position in Stride in the 4th quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd grew its holdings in Stride by 482.1% in 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 in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Stride by 62.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after acquiring an additional 131 shares during the period. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Stride Stock Down 2.8%

LRN opened at $80.27 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.14 and a current ratio of 5.94. The stock’s fifty day moving average is $89.02 and its 200-day moving average is $87.91. Stride, Inc. has a one year low of $60.61 and a one year high of $171.17. The company has a market capitalization of $3.41 billion, a PE ratio of 11.15, a P/E/G ratio of 0.48 and a beta of 0.11.

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.