WINTON GROUP Ltd Takes $337,000 Position in Stride, Inc. (NYSE:LRN)

WINTON GROUP Ltd purchased a new stake in shares of Stride, Inc. (NYSE:LRNGet Rating) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,272 shares of the company’s stock, valued at approximately $337,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Stride by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 4,135,365 shares of the company’s stock valued at $150,237,000 after purchasing an additional 343,338 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Stride by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,844,052 shares of the company’s stock valued at $103,323,000 after purchasing an additional 20,806 shares during the last quarter. Ophir Asset Management Pty Ltd lifted its position in Stride by 18.8% during the 2nd quarter. Ophir Asset Management Pty Ltd now owns 1,703,118 shares of the company’s stock worth $6,915,000 after acquiring an additional 269,450 shares during the last quarter. abrdn plc lifted its position in Stride by 3.1% during the 1st quarter. abrdn plc now owns 1,620,632 shares of the company’s stock worth $57,971,000 after acquiring an additional 49,399 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Stride by 16.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 799,579 shares of the company’s stock worth $29,049,000 after acquiring an additional 111,340 shares during the last quarter. 92.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley cut their target price on shares of Stride from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, October 27th. BMO Capital Markets cut their target price on shares of Stride from $52.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, October 27th. Finally, StockNews.com lowered shares of Stride from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th.

Stride Stock Up 1.3 %

Shares of LRN opened at $35.65 on Monday. The company has a 50-day simple moving average of $39.84 and a 200-day simple moving average of $39.20. The firm has a market capitalization of $1.53 billion, a P/E ratio of 16.66, a P/E/G ratio of 0.83 and a beta of 0.24. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.12 and a current ratio of 3.22. Stride, Inc. has a 52 week low of $25.65 and a 52 week high of $47.35.

Stride Profile

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Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.

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Institutional Ownership by Quarter for Stride (NYSE:LRN)

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