Chase Investment Counsel Corp Makes New $1.72 Million Investment in Stride, Inc. $LRN

Chase Investment Counsel Corp bought a new position in Stride, Inc. (NYSE:LRN) during the 2nd quarter, HoldingsChannel reports. The fund bought 20,000 shares of the company’s stock, valued at approximately $1,724,000.

A number of other institutional investors have also recently made changes to their positions in LRN. State of Wyoming bought a new position in Stride in the 2nd quarter valued at approximately $193,000. Farther Finance Advisors LLC raised its stake in shares of Stride by 37.7% in the second quarter. Farther Finance Advisors LLC now owns 2,212 shares of the company’s stock worth $191,000 after purchasing an additional 606 shares during the last quarter. BDFS Capital LLC lifted its holdings in shares of Stride by 1.4% during the second quarter. BDFS Capital LLC now owns 12,436 shares of the company’s stock valued at $1,072,000 after purchasing an additional 176 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Stride by 2.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,947 shares of the company’s stock valued at $1,462,000 after purchasing an additional 456 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Stride by 5.5% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,479 shares of the company’s stock worth $559,000 after buying an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. William Blair lowered Stride from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a research report on Wednesday, July 8th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a research note on Monday, June 15th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $109.75.

Stride Price Performance

NYSE LRN opened at $83.18 on Monday. The company has a 50-day moving average price of $87.01 and a 200-day moving average price of $88.32. Stride, Inc. has a 52 week low of $60.61 and a 52 week high of $171.17. The company has a quick ratio of 5.81, a current ratio of 5.94 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $3.46 billion, a P/E ratio of 11.55, a PEG ratio of 0.48 and a beta of 0.11.

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.