Renaissance Technologies LLC lessened its stake in KinderCare Learning Companies, Inc. (NYSE:KLC – Free Report) by 58.4% in the first quarter, Holdings Channel reports. The institutional investor owned 208,528 shares of the company’s stock after selling 292,372 shares during the quarter. Renaissance Technologies LLC’s holdings in KinderCare Learning Companies were worth $459,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in KLC. Tower Research Capital LLC TRC boosted its stake in KinderCare Learning Companies by 62.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,128 shares of the company’s stock valued at $52,000 after acquiring an additional 1,971 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of KinderCare Learning Companies by 350.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,600 shares of the company’s stock worth $29,000 after purchasing an additional 5,136 shares during the last quarter. PharVision Advisers LLC bought a new stake in shares of KinderCare Learning Companies in the 3rd quarter worth about $68,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of KinderCare Learning Companies in the 3rd quarter valued at about $70,000. Finally, American Trust acquired a new stake in shares of KinderCare Learning Companies in the 3rd quarter valued at about $71,000.
KinderCare Learning Companies Stock Down 1.5%
Shares of NYSE:KLC opened at $2.56 on Tuesday. The stock has a market capitalization of $303.18 million, a price-to-earnings ratio of -0.64 and a beta of 3.99. KinderCare Learning Companies, Inc. has a 1-year low of $1.75 and a 1-year high of $7.77. The company’s fifty day moving average is $4.67 and its two-hundred day moving average is $3.94. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.75 and a current ratio of 0.75.
Wall Street Analyst Weigh In
Several brokerages have recently commented on KLC. Barclays increased their price target on shares of KinderCare Learning Companies from $2.00 to $3.00 and gave the stock an “underweight” rating in a research report on Monday, May 18th. UBS Group cut their price objective on KinderCare Learning Companies from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Friday. JPMorgan Chase & Co. downgraded KinderCare Learning Companies from a “neutral” rating to an “underweight” rating in a report on Friday. Robert W. Baird increased their target price on KinderCare Learning Companies from $1.50 to $4.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Finally, BMO Capital Markets lifted their target price on KinderCare Learning Companies from $4.00 to $6.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, KinderCare Learning Companies has an average rating of “Reduce” and an average target price of $4.13.
KinderCare Learning Companies Company Profile
KinderCare Learning Companies Inc is a provider of high-quality early childhood education by center capacity. KinderCare Learning Companies Inc is based in PORTLAND, Ore.
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