Retirement Planning Co of New England Inc. Purchases New Holdings in Stride, Inc. $LRN

Retirement Planning Co of New England Inc. bought a new stake in Stride, Inc. (NYSE:LRN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,130 shares of the company’s stock, valued at approximately $333,000.

Several other large investors have also modified their holdings of the stock. Newbridge Financial Services Group Inc. purchased a new stake in shares of Stride during the second quarter worth approximately $25,000. Financial Management Professionals Inc. purchased a new stake in shares of Stride during the third quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 last quarter. Richardson Financial Services Inc. boosted its stake in shares of Stride by 171.6% in the third quarter. Richardson Financial Services Inc. now owns 277 shares of the company’s stock valued at $41,000 after buying an additional 175 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new position in Stride during the third quarter worth $42,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Analyst Ratings Changes

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

Stride Stock Down 3.5%

LRN opened at $98.41 on Friday. The business’s fifty day moving average is $88.13 and its two-hundred day moving average is $85.18. 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 cap of $4.19 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.63 and a beta of 0.05. Stride, Inc. has a one year low of $60.61 and a one year high of $171.17.

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.