Dimensional Fund Advisors LP Has $186.36 Million Holdings in Stride, Inc. $LRN

Dimensional Fund Advisors LP decreased its holdings in Stride, Inc. (NYSE:LRN) by 9.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,251,210 shares of the company’s stock after selling 132,766 shares during the period. Dimensional Fund Advisors LP owned about 2.85% of Stride worth $186,359,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Newbridge Financial Services Group Inc. acquired a new position in shares of Stride during the 2nd quarter worth approximately $25,000. Financial Management Professionals Inc. acquired a new stake in Stride during the 3rd quarter valued at $26,000. Penserra Capital Management LLC bought a new position in Stride during the second quarter worth $27,000. Northwestern Mutual Wealth Management Co. boosted its position in 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 purchasing an additional 85 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Stride in the second quarter valued at $30,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Up 0.7%

LRN opened at $86.89 on Monday. Stride, Inc. has a fifty-two week low of $60.61 and a fifty-two week high of $171.17. 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 company has a market capitalization of $3.70 billion, a P/E ratio of 13.23, a P/E/G ratio of 0.52 and a beta of 0.12. The stock has a fifty day moving average of $78.06 and a 200-day moving average of $99.71.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. BMO Capital Markets reissued a “market perform” rating on shares of Stride in a research report on Tuesday, March 3rd. Morgan Stanley reduced their target price on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Canaccord Genuity Group reiterated a “buy” rating and issued a $125.00 price target on shares of Stride in a research note on Wednesday, January 28th. Wall Street Zen cut shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Barrington Research restated an “outperform” rating and set a $125.00 price objective on shares of Stride in a research report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $109.75.

About Stride

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.