Public Sector Pension Investment Board Buys 21,275 Shares of Stride, Inc. $LRN

Public Sector Pension Investment Board lifted its position in Stride, Inc. (NYSE:LRN) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,585 shares of the company’s stock after buying an additional 21,275 shares during the quarter. Public Sector Pension Investment Board owned about 0.42% of Stride worth $27,641,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new position in shares of Stride in the 2nd quarter valued at about $25,000. Financial Management Professionals Inc. acquired a new stake in Stride in the 3rd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Stride during the second quarter worth about $30,000. Penserra Capital Management LLC acquired a new position in Stride during the second quarter worth approximately $27,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Stride by 78.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after buying an additional 85 shares during the period. 98.24% of the stock is owned by institutional investors.

Stride Trading Up 0.5%

LRN stock opened at $84.89 on Friday. Stride, Inc. has a 52 week low of $60.61 and a 52 week high of $171.17. The company has a market capitalization of $3.61 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.51 and a beta of 0.10. The company’s 50-day simple moving average is $72.09 and its 200 day simple moving average is $106.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.19 and a current ratio of 7.27.

Analyst Ratings Changes

A number of research analysts recently weighed in on LRN shares. Barrington Research reissued an “outperform” rating and set a $125.00 target price on shares of Stride in a report 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. Wall Street Zen cut shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stride in a report on Monday, December 29th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $125.00 price target on shares of Stride in a report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, 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.