Stride, Inc. $LRN Stock Position Increased by Westover Capital Advisors LLC

Westover Capital Advisors LLC lifted its position in Stride, Inc. (NYSE:LRN) by 84.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,289 shares of the company’s stock after buying an additional 17,116 shares during the quarter. Westover Capital Advisors LLC’s holdings in Stride were worth $2,421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LRN. Newbridge Financial Services Group Inc. acquired a new stake in shares of Stride during the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. raised its position 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 period. Leonteq Securities AG acquired a new stake in shares of Stride during the fourth quarter worth $35,000. Sentry Investment Management LLC acquired a new stake in shares of Stride during the third quarter worth $42,000. Finally, Geneos Wealth Management Inc. raised 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 purchasing an additional 131 shares during the period. Institutional investors own 98.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a research report on Friday, April 10th. Wall Street Zen lowered Stride from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $125.00 target price on shares of Stride in a research report on Wednesday, January 28th. Barrington Research reaffirmed an “outperform” rating and set a $125.00 target price on shares of Stride in a research report on Thursday, April 16th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research report on Tuesday, March 3rd. Two 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 company presently has a consensus rating of “Hold” and an average price target of $109.75.

Stride Stock Up 0.1%

NYSE:LRN opened at $88.72 on Monday. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.54 and a beta of 0.13. Stride, Inc. has a 1-year low of $60.61 and a 1-year high of $171.17. The company has a current ratio of 6.21, a quick ratio of 6.14 and a debt-to-equity ratio of 0.29. The business’s fifty day moving average price is $90.59 and its 200 day moving average price is $79.03.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.09. The firm had revenue of $629.87 million for the quarter, compared to analyst estimates of $629.69 million. Stride had a return on equity of 25.20% and a net margin of 12.15%.Stride’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.02 earnings per share. On average, sell-side analysts forecast that Stride, Inc. will post 8.21 earnings per share for the current fiscal year.

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.