GW&K Investment Management LLC Purchases Shares of 116,002 Stride, Inc. $LRN

GW&K Investment Management LLC acquired a new position in shares of Stride, Inc. (NYSE:LRN) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 116,002 shares of the company’s stock, valued at approximately $17,277,000. GW&K Investment Management LLC owned 0.26% of Stride at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Invesco Ltd. raised its holdings in Stride by 10.3% in the 2nd quarter. Invesco Ltd. now owns 1,782,020 shares of the company’s stock worth $258,731,000 after purchasing an additional 165,775 shares during the period. William Blair Investment Management LLC increased its stake in shares of Stride by 37.2% during the third quarter. William Blair Investment Management LLC now owns 1,511,080 shares of the company’s stock worth $225,060,000 after purchasing an additional 410,029 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Stride by 88.6% during the 2nd quarter. Squarepoint Ops LLC now owns 1,086,879 shares of the company’s stock worth $157,804,000 after purchasing an additional 510,641 shares during the last quarter. Geode Capital Management LLC lifted its stake in Stride by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,045,904 shares of the company’s stock valued at $151,873,000 after buying an additional 24,889 shares in the last quarter. Finally, Norges Bank acquired a new stake in Stride in the 2nd quarter worth about $92,858,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Trading Up 0.7%

LRN opened at $86.89 on Friday. The business’s 50 day moving average is $78.06 and its two-hundred day moving average is $100.59. Stride, Inc. has a 52 week low of $60.61 and a 52 week high of $171.17. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 0.52 and a beta of 0.12. The company has a quick ratio of 7.19, a current ratio of 7.27 and a debt-to-equity ratio of 0.31.

Analysts Set New Price Targets

LRN has been the topic of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Stride in a research report on Monday, December 29th. Barrington Research restated an “outperform” rating and issued a $125.00 price objective on shares of Stride in a report on Wednesday, January 28th. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a report on Tuesday. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $125.00 price objective on shares of Stride in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Stride has an average rating of “Hold” and an average target price 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.