Stride, Inc. $LRN Holdings Trimmed by Westover Capital Advisors LLC

Westover Capital Advisors LLC reduced its position in shares of Stride, Inc. (NYSE:LRNFree Report) by 88.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,177 shares of the company’s stock after selling 33,112 shares during the quarter. Westover Capital Advisors LLC’s holdings in Stride were worth $368,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LRN. Sanctuary Advisors LLC acquired a new stake in shares of Stride in the first quarter worth $323,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Stride by 33.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,141 shares of the company’s stock valued at $541,000 after buying an additional 1,537 shares during the period. Principal Financial Group Inc. raised its position in Stride by 40.8% during the first quarter. Principal Financial Group Inc. now owns 1,034,047 shares of the company’s stock valued at $91,172,000 after buying an additional 299,756 shares during the period. Fifth Third Bancorp lifted its stake in Stride by 18,660.7% in the 1st quarter. Fifth Third Bancorp now owns 54,406 shares of the company’s stock worth $4,797,000 after acquiring an additional 54,116 shares in the last quarter. Finally, American Trust purchased a new stake in Stride in the 1st quarter worth about $203,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

Shares of NYSE LRN opened at $83.79 on Thursday. The business’s 50-day simple moving average is $90.08 and its 200-day simple moving average is $85.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.14 and a current ratio of 6.21. 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 $3.56 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 0.49 and a beta of 0.10.

Stride (NYSE:LRNGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.09. The business had revenue of $629.87 million during the quarter, compared to the consensus estimate of $629.69 million. Stride had a net margin of 12.15% and a return on equity of 25.20%. Stride’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.02 EPS. As a group, equities research analysts expect that Stride, Inc. will post 8.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barrington Research reaffirmed an “outperform” rating and set a $125.00 target price on shares of Stride in a research note on Thursday, April 16th. William Blair reissued an “outperform” rating on shares of Stride in a research report on Monday, June 15th. Weiss Ratings restated a “hold (c)” rating on shares of Stride in a report on Wednesday, July 8th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Stride has an average rating of “Hold” and a consensus target price of $109.75.

Get Our Latest Stock Analysis on LRN

About Stride

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Stride (NYSE:LRN)

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