Candriam S.C.A. Has $10.96 Million Position in Stride, Inc. $LRN

Candriam S.C.A. decreased its holdings in shares of Stride, Inc. (NYSE:LRN) by 55.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,598 shares of the company’s stock after selling 92,548 shares during the quarter. Candriam S.C.A.’s holdings in Stride were worth $10,962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Invesco Ltd. raised its position in shares of Stride by 10.3% in the second quarter. Invesco Ltd. now owns 1,782,020 shares of the company’s stock valued at $258,731,000 after purchasing an additional 165,775 shares during the period. Squarepoint Ops LLC grew its stake in Stride by 88.6% in the 2nd quarter. Squarepoint Ops LLC now owns 1,086,879 shares of the company’s stock valued at $157,804,000 after buying an additional 510,641 shares during the last quarter. Geode Capital Management LLC raised its holdings in Stride by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,045,904 shares of the company’s stock valued at $151,873,000 after acquiring an additional 24,889 shares during the period. Norges Bank bought a new position in Stride in the 2nd quarter valued at about $92,858,000. Finally, Franklin Resources Inc. lifted its position in Stride by 75.2% during the second quarter. Franklin Resources Inc. now owns 426,153 shares of the company’s stock worth $61,873,000 after acquiring an additional 182,920 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Trading Up 0.6%

Shares of LRN stock opened at $88.06 on Wednesday. The stock has a market cap of $3.75 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 0.52 and a beta of 0.10. Stride, Inc. has a 1 year low of $60.61 and a 1 year 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 stock has a 50 day simple moving average of $70.69 and a 200 day simple moving average of $107.40.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LRN shares. Wall Street Zen downgraded Stride from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Morgan Stanley lowered their price objective on Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. BMO Capital Markets reissued a “market perform” rating and set a $94.00 target price on shares of Stride in a report on Wednesday, January 28th. Zacks Research downgraded shares of Stride from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stride in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Stride presently has a consensus rating of “Hold” and a consensus target price of $109.75.

Stride Company 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.