Hantz Financial Services Inc. Decreases Stake in Stride, Inc. $LRN

Hantz Financial Services Inc. cut its holdings in shares of Stride, Inc. (NYSE:LRN) by 18.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,928 shares of the company’s stock after selling 10,680 shares during the quarter. Hantz Financial Services Inc. owned approximately 0.11% of Stride worth $7,138,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of LRN. Norges Bank purchased a new stake in shares of Stride during the 2nd quarter valued at approximately $92,858,000. Squarepoint Ops LLC raised its holdings in Stride by 88.6% during the 2nd quarter. Squarepoint Ops LLC now owns 1,086,879 shares of the company’s stock valued at $157,804,000 after acquiring an additional 510,641 shares during the period. Franklin Resources Inc. lifted its position 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 position in shares of Stride by 10.3% during the second 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 in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in shares of Stride in the second quarter worth $18,389,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LRN shares. 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. BMO Capital Markets reiterated a “market perform” rating and set a $94.00 price target on shares of Stride in a research report on Wednesday, January 28th. Wall Street Zen downgraded 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. Finally, Morgan Stanley decreased their target price on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $109.75.

Stride Stock Up 0.7%

LRN stock opened at $86.39 on Thursday. The company’s 50 day moving average is $68.75 and its 200 day moving average is $108.76. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth 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. Stride, Inc. has a 1-year low of $60.61 and a 1-year high of $171.17.

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.