Fort Washington Investment Advisors Inc. OH Grows Stake in Stride, Inc. $LRN

Key Points

• Fort Washington Investment Advisors raised its stake in Stride by 59.3%, buying 137,775 shares to hold 369,928 shares (about 0.84% ownership) valued at $24.02 million at the end of the quarter.
• Institutional ownership in Stride is very high at 98.24%, and SG Americas Securities notably increased its position by 325% to 556,452 shares worth $36.13 million.
• Analysts are mixed with a consensus rating of Hold and a $109.75 consensus price target, while LRN trades around $85.72 with a market cap of $3.65 billion and a 52-week range of $60.61–$171.17.

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 59.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 369,928 shares of the company's stock after purchasing an additional 137,775 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.84% of Stride worth $24,019,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LRN. SG Americas Securities LLC grew its stake in Stride by 325.0% during the 4th quarter. SG Americas Securities LLC now owns 556,452 shares of the company's stock worth $36,130,000 after buying an additional 425,524 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Stride by 20.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,792 shares of the company's stock valued at $116,000 after buying an additional 303 shares in the last quarter. Triumph Capital Management purchased a new stake in Stride in the third quarter valued at about $473,000. Allworth Financial LP raised its stake in Stride by 11.4% in the third quarter. Allworth Financial LP now owns 4,204 shares of the company's stock valued at $626,000 after buying an additional 429 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Stride by 18.3% in the third quarter. IFP Advisors Inc now owns 1,244 shares of the company's stock worth $185,000 after acquiring an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

Stride Stock Down 2.4%

Shares of LRN stock opened at $85.72 on Friday. The stock's 50-day simple moving average is $83.51 and its 200-day simple moving average is $92.41. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.19 and a current ratio of 7.27. The firm has a market capitalization of $3.65 billion, a PE ratio of 13.05, a P/E/G ratio of 0.54 and a beta of 0.12. Stride, Inc. has a fifty-two week low of $60.61 and a fifty-two week high of $171.17.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a "hold (c+)" rating on shares of Stride in a research note on Monday, December 29th. Canaccord Genuity Group reiterated a "buy" rating and issued a $125.00 target price on shares of Stride in a research note on Wednesday, January 28th. Morgan Stanley lowered their target price on shares of Stride from $130.00 to $95.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 17th. Barrington Research restated an "outperform" rating and set a $125.00 price target on shares of Stride in a research note on Wednesday, January 28th. Finally, Wall Street Zen cut shares of Stride from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $109.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.