Fox Run Management L.L.C. Sells 6,101 Shares of Stride, Inc. $LRN

Fox Run Management L.L.C. lowered its stake in shares of Stride, Inc. (NYSE:LRN) by 62.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,639 shares of the company’s stock after selling 6,101 shares during the quarter. Fox Run Management L.L.C.’s holdings in Stride were worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LRN. Newbridge Financial Services Group Inc. purchased a new stake in shares of Stride during the second quarter valued at about $25,000. Financial Management Professionals Inc. purchased a new position in shares of Stride in the 3rd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Stride during the 2nd quarter worth approximately $30,000. Penserra Capital Management LLC purchased a new stake in Stride during the second quarter valued at approximately $27,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Stride by 78.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LRN. Canaccord Genuity Group reaffirmed a “buy” rating and set a $125.00 price target on shares of Stride in a research report on Wednesday, January 28th. Barrington Research reaffirmed an “outperform” rating and set a $125.00 target price on shares of Stride in a research report on Wednesday, January 28th. Morgan Stanley decreased their price target on Stride from $130.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Stride in a research note on Monday, December 29th. Finally, BMO Capital Markets restated a “market perform” rating and set a $94.00 price objective on shares of Stride in a report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Stride presently has a consensus rating of “Hold” and a consensus price target of $109.75.

Stride Price Performance

Shares of NYSE:LRN opened at $84.53 on Friday. Stride, Inc. has a twelve month low of $60.61 and a twelve month high of $171.17. 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 company has a market cap of $3.60 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.50 and a beta of 0.10. The company’s 50 day moving average is $76.00 and its 200 day moving average is $102.73.

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.