Westover Capital Advisors LLC reduced its position in shares of Stride, Inc. (NYSE:LRN – Free 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.
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
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.
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