Hantz Financial Services Inc. Sells 10,680 Shares of Stride, Inc. $LRN

Hantz Financial Services Inc. reduced its position in Stride, Inc. (NYSE:LRN) by 18.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,928 shares of the company’s stock after selling 10,680 shares during the quarter. Hantz Financial Services Inc.’s holdings in Stride were worth $7,138,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in Stride in the 2nd quarter worth approximately $92,858,000. Squarepoint Ops LLC raised its stake in shares of Stride by 88.6% during 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 in the last quarter. Franklin Resources Inc. raised its stake in shares of 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 in the last quarter. Invesco Ltd. lifted its holdings in shares of Stride by 10.3% in the 2nd quarter. Invesco Ltd. now owns 1,782,020 shares of the company’s stock worth $258,731,000 after acquiring an additional 165,775 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Stride in the 2nd quarter worth approximately $18,389,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Stock Performance

Stride stock opened at $86.39 on Thursday. Stride, Inc. has a 1-year low of $60.61 and a 1-year high of $171.17. The firm has a market cap of $3.68 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.51 and a beta of 0.10. 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 firm has a 50-day moving average of $68.75 and a 200-day moving average of $108.76.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LRN shares. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $125.00 price objective on shares of Stride in a research note on Wednesday, January 28th. BMO Capital Markets reiterated a “market perform” rating and issued a $94.00 price objective on shares of Stride in a report on Wednesday, January 28th. Barrington Research restated an “outperform” rating and set a $125.00 target price on shares of Stride in a report on Wednesday, January 28th. Finally, Zacks Research lowered Stride from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Stride presently has a consensus rating of “Hold” and an average target price of $109.75.

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.