MGO One Seven LLC acquired a new stake in shares of Stride, Inc. (NYSE:LRN – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 3,926 shares of the company’s stock, valued at approximately $570,000.
Other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in shares of Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock valued at $26,000 after buying an additional 160 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Stride by 140.5% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock valued at $34,000 after buying an additional 156 shares during the period. Harbour Investments Inc. raised its holdings in Stride by 374.6% in the first quarter. Harbour Investments Inc. now owns 337 shares of the company’s stock valued at $43,000 after buying an additional 266 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Stride in the first quarter valued at approximately $43,000. Finally, Geneos Wealth Management Inc. raised its holdings in Stride by 62.7% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after buying an additional 131 shares during the period. 98.24% of the stock is owned by hedge funds and other institutional investors.
Stride Stock Up 3.1%
Shares of NYSE:LRN opened at $145.00 on Friday. The company has a current ratio of 5.39, a quick ratio of 5.27 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $153.11 and a 200 day simple moving average of $145.41. The firm has a market cap of $6.33 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 0.80 and a beta of 0.07. Stride, Inc. has a 12-month low of $63.36 and a 12-month high of $171.17.
Wall Street Analysts Forecast Growth
LRN has been the topic of several research reports. Barrington Research restated an “outperform” rating and issued a $185.00 price target on shares of Stride in a report on Tuesday, September 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Stride in a report on Wednesday, October 8th. Morgan Stanley raised their price target on shares of Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.40.
Read Our Latest Research Report on LRN
Insider Activity
In related news, CEO James Jeaho Rhyu sold 13,961 shares of Stride stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total value of $2,270,896.26. Following the completion of the sale, the chief executive officer owned 706,353 shares in the company, valued at approximately $114,895,378.98. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.00% of the company’s stock.
Stride Profile
Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.
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