American Century Companies Inc. Sells 310,322 Shares of Stride, Inc. $LRN

American Century Companies Inc. lessened its holdings in Stride, Inc. (NYSE:LRN) by 18.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,328,437 shares of the company’s stock after selling 310,322 shares during the period. American Century Companies Inc. owned about 3.03% of Stride worth $197,858,000 at the end of the most recent quarter.

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

Stride Stock Down 1.6%

Shares of LRN opened at $84.53 on Friday. The company has a market capitalization of $3.60 billion, a PE ratio of 12.87, a PEG ratio of 0.50 and a beta of 0.10. Stride, Inc. has a 12 month low of $60.61 and a 12 month high of $171.17. The stock’s 50-day moving average price is $76.00 and its two-hundred day moving average price is $102.73. The company has a current ratio of 7.27, a quick ratio of 7.19 and a debt-to-equity ratio of 0.31.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LRN. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stride in a research note on Monday, December 29th. Canaccord Genuity Group reaffirmed a “buy” rating and issued 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 target price on shares of Stride in a research report on Wednesday, January 28th. Barrington Research restated an “outperform” rating and set a $125.00 price target on shares of Stride in a report on Wednesday, January 28th. Finally, Morgan Stanley lowered their price objective on Stride from $130.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Stride currently 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.