StockNews.com lowered shares of Stride (NYSE:LRN – Free Report) from a buy rating to a hold rating in a research note released on Thursday morning.
A number of other research analysts also recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Stride from $72.00 to $73.00 and gave the company an outperform rating in a research report on Thursday, April 25th. Barrington Research increased their price objective on shares of Stride from $75.00 to $85.00 and gave the company an outperform rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $74.50.
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Stride Trading Down 1.5 %
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its position in Stride by 1.0% during the second quarter. Rhumbline Advisers now owns 115,904 shares of the company’s stock valued at $8,171,000 after purchasing an additional 1,110 shares during the period. Natixis Advisors LLC bought a new position in Stride in the second quarter worth approximately $8,701,000. Ritholtz Wealth Management bought a new position in Stride in the second quarter worth approximately $292,000. nVerses Capital LLC bought a new position in Stride in the second quarter worth approximately $78,000. Finally, Picton Mahoney Asset Management raised its position in Stride by 19.4% in the second quarter. Picton Mahoney Asset Management now owns 74,356 shares of the company’s stock worth $5,242,000 after acquiring an additional 12,083 shares during the period. Institutional investors own 98.24% of the company’s stock.
Stride Company Profile
Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.
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