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

Nordea Investment Management AB reduced its holdings in shares of Stride, Inc. (NYSE:LRN) by 13.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,967 shares of the company’s stock after selling 15,837 shares during the quarter. Nordea Investment Management AB’s holdings in Stride were worth $6,849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Invesco Ltd. grew its stake in Stride by 1.3% in the 3rd quarter. Invesco Ltd. now owns 1,805,508 shares of the company’s stock valued at $268,912,000 after buying an additional 23,488 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Stride by 37.2% during the third quarter. William Blair Investment Management LLC now owns 1,511,080 shares of the company’s stock worth $225,060,000 after acquiring an additional 410,029 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Stride by 88.6% in the second quarter. Squarepoint Ops LLC now owns 1,086,879 shares of the company’s stock worth $157,804,000 after acquiring an additional 510,641 shares during the period. Norges Bank bought a new position in shares of Stride in the second quarter worth $92,858,000. Finally, Wellington Management Group LLP grew its position in shares of Stride by 30.9% in the third quarter. Wellington Management Group LLP now owns 511,820 shares of the company’s stock valued at $76,230,000 after purchasing an additional 120,898 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barrington Research reiterated an “outperform” rating and set a $125.00 price objective on shares of Stride in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed 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 report on Tuesday, March 3rd. Wall Street Zen downgraded shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $125.00 price objective on shares of Stride in a research report on Wednesday, January 28th. Three 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, the company has an average rating of “Hold” and an average target price of $109.75.

Stride Trading Down 0.8%

Stride stock opened at $87.89 on Friday. 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, Inc. has a fifty-two week low of $60.61 and a fifty-two week high of $171.17. The stock has a market cap of $3.74 billion, a P/E ratio of 13.38, a PEG ratio of 0.54 and a beta of 0.12. The firm’s fifty day moving average price is $83.19 and its 200-day moving average price is $92.96.

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.