Mountain Pacific Investment Advisers LLC Sells 6,288 Shares of Stride, Inc. $LRN

Mountain Pacific Investment Advisers LLC trimmed its holdings in Stride, Inc. (NYSE:LRN) by 37.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,514 shares of the company’s stock after selling 6,288 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in Stride were worth $683,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LRN. AQR Capital Management LLC increased its holdings in Stride by 67.3% in the 1st quarter. AQR Capital Management LLC now owns 28,547 shares of the company’s stock worth $3,611,000 after buying an additional 11,481 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Stride by 80.9% in the 1st quarter. NewEdge Advisors LLC now owns 5,124 shares of the company’s stock worth $648,000 after buying an additional 2,291 shares in the last quarter. Empowered Funds LLC increased its holdings in Stride by 12.4% in the 1st quarter. Empowered Funds LLC now owns 18,202 shares of the company’s stock worth $2,303,000 after buying an additional 2,008 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Stride by 31.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,455 shares of the company’s stock worth $17,009,000 after buying an additional 32,470 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Stride by 62.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after buying an additional 131 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on LRN. BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a report on Tuesday, March 3rd. Canaccord Genuity Group reiterated a “buy” rating and issued a $125.00 price objective on shares of Stride in a report on Wednesday, January 28th. Barrington Research reiterated an “outperform” rating and issued a $125.00 price objective on shares of Stride in a report on Thursday, April 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stride in a report on Friday, April 10th. Finally, Wall Street Zen downgraded Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Stride presently has an average rating of “Hold” and a consensus target price of $109.75.

Stride Trading Down 0.1%

Shares of NYSE:LRN opened at $98.27 on Friday. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 0.60 and a beta of 0.05. 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 stock’s 50-day simple moving average is $88.40 and its two-hundred day simple moving average is $84.50. Stride, Inc. has a 52-week low of $60.61 and a 52-week high of $171.17.

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.