Stride, Inc. $LRN Shares Acquired by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management more than doubled its Stride stake in the first quarter, increasing holdings by 114.4% to 57,849 shares valued at approximately $5.1 million.
• Institutional investors hold 98.24% of Stride’s outstanding stock, with Vanguard, Invesco, Dimensional Fund Advisors, Morgan Stanley and Janus Henderson among the largest holders.
• Analyst sentiment remains cautious: Stride has an average “Hold” rating and a consensus price target of $109.75, while shares opened at $80.27 and have declined 2.8%.

Quantinno Capital Management LP boosted its stake in Stride, Inc. (NYSE:LRN - Free Report) by 114.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,849 shares of the company's stock after purchasing an additional 30,866 shares during the quarter. Quantinno Capital Management LP owned about 0.14% of Stride worth $5,101,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of LRN. Vanguard Group Inc. boosted its holdings in shares of Stride by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 4,883,571 shares of the company's stock valued at $317,090,000 after purchasing an additional 340,838 shares during the last quarter. Invesco Ltd. grew its stake in shares of Stride by 1.3% during the 3rd quarter. Invesco Ltd. now owns 1,805,508 shares of the company's stock valued at $268,912,000 after buying an additional 23,488 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Stride by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,750,646 shares of the company's stock worth $154,339,000 after buying an additional 90,851 shares during the last quarter. Morgan Stanley increased its holdings in shares of Stride by 98.1% during the 4th quarter. Morgan Stanley now owns 1,631,570 shares of the company's stock worth $105,938,000 after buying an additional 808,141 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Stride by 1.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,414,430 shares of the company's stock worth $91,848,000 after buying an additional 21,949 shares during the period. Institutional investors and hedge funds own 98.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LRN. Barrington Research reissued an "outperform" rating and set a $125.00 price target on shares of Stride in a research report on Thursday, April 16th. William Blair downgraded Stride from an "outperform" rating to a "market perform" rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Stride in a research note on Wednesday, July 8th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of Stride in a report on Monday, June 15th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $109.75.

Stride Stock Down 2.8%

Shares of Stride stock opened at $80.27 on Friday. The company has a fifty day moving average price of $89.02 and a 200 day moving average price of $87.91. The company has a current ratio of 5.94, a quick ratio of 6.14 and a debt-to-equity ratio of 0.29. Stride, Inc. has a twelve month low of $60.61 and a twelve month high of $171.17. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 0.48 and a beta of 0.11.

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.

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