Wealthcare Advisory Partners LLC Sells 200 Shares of Stride, Inc. $LRN

Wealthcare Advisory Partners LLC lessened its position in Stride, Inc. (NYSE:LRN) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,465 shares of the company’s stock after selling 200 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Stride were worth $213,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC increased its position in shares of Stride by 333.3% during the first quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock worth $26,000 after acquiring an additional 160 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Stride by 140.5% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock worth $34,000 after acquiring an additional 156 shares in the last quarter. Harbour Investments Inc. increased its position in shares of Stride by 374.6% during the first quarter. Harbour Investments Inc. now owns 337 shares of the company’s stock worth $43,000 after acquiring an additional 266 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Stride during the first quarter worth $43,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Stride by 62.7% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

Insider Activity

In other news, CEO James Jeaho Rhyu sold 13,961 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total transaction of $2,270,896.26. Following the completion of the transaction, the chief executive officer owned 706,353 shares of the company’s stock, valued at approximately $114,895,378.98. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Stride Trading Down 0.1%

Shares of NYSE LRN opened at $144.62 on Friday. The firm has a 50 day moving average price of $152.65 and a two-hundred day moving average price of $144.82. The stock has a market cap of $6.31 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 0.82 and a beta of 0.07. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $171.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.27 and a current ratio of 5.39.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.46. The firm had revenue of $653.65 million during the quarter, compared to the consensus estimate of $626.23 million. Stride had a net margin of 11.97% and a return on equity of 25.51%. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.42 earnings per share. As a group, equities analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LRN. Wall Street Zen downgraded shares of Stride from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Barrington Research reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Stride in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stride in a research report on Wednesday. Finally, Morgan Stanley raised their target price on shares of Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $146.40.

Stride Company Profile

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.