Central Pacific Bank Trust Division Reduces Holdings in Stride, Inc. $LRN

Central Pacific Bank Trust Division decreased its position in shares of Stride, Inc. (NYSE:LRN) by 96.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,573 shares of the company’s stock after selling 79,100 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Stride were worth $167,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new position in Stride during the second quarter worth about $25,000. Financial Management Professionals Inc. purchased a new position in shares of Stride in the third quarter worth about $26,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Stride by 78.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after purchasing an additional 85 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Stride during the 2nd quarter valued at approximately $30,000. Finally, Toth Financial Advisory Corp lifted its stake in shares of Stride by 1,566.7% during the 3rd quarter. Toth Financial Advisory Corp now owns 200 shares of the company’s stock valued at $30,000 after buying an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

Stride stock opened at $85.06 on Monday. Stride, Inc. has a 1-year low of $60.61 and a 1-year high of $171.17. The company has a current ratio of 7.27, a quick ratio of 7.19 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.62 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.52 and a beta of 0.12. The firm’s 50 day simple moving average is $81.73 and its 200 day simple moving average is $94.07.

Analyst Ratings Changes

A number of research firms recently weighed in on LRN. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Canaccord Genuity Group restated a “buy” rating and set a $125.00 target price on shares of Stride in a research report on Wednesday, January 28th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a report on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stride in a research report on Monday, December 29th. Finally, Barrington Research reiterated an “outperform” rating and set a $125.00 price objective on shares of Stride in a research note on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Stride presently has an average rating of “Hold” and a consensus target price 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.