Stride, Inc. $LRN Shares Bought by Gaddis Premier Wealth Advisors LLC

Gaddis Premier Wealth Advisors LLC grew its position in shares of Stride, Inc. (NYSE:LRN) by 229.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,533 shares of the company’s stock after buying an additional 7,338 shares during the quarter. Stride accounts for 0.7% of Gaddis Premier Wealth Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Gaddis Premier Wealth Advisors LLC’s holdings in Stride were worth $929,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bastion Asset Management Inc. purchased a new stake in shares of Stride in the first quarter valued at about $5,878,000. Sanctuary Advisors LLC purchased a new position in Stride during the first quarter worth about $323,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Stride by 33.4% in 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 purchasing an additional 1,537 shares during the period. Principal Financial Group Inc. lifted its position in Stride by 40.8% in the first quarter. Principal Financial Group Inc. now owns 1,034,047 shares of the company’s stock valued at $91,172,000 after purchasing an additional 299,756 shares during the period. Finally, Fifth Third Bancorp lifted its position in Stride by 18,660.7% in the first quarter. Fifth Third Bancorp now owns 54,406 shares of the company’s stock valued at $4,797,000 after purchasing an additional 54,116 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analysts Set New Price Targets

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

Stride Trading Up 4.9%

Shares of Stride stock opened at $87.50 on Friday. The company has a 50-day moving average of $90.00 and a two-hundred day moving average of $86.02. Stride, Inc. has a 12-month low of $60.61 and a 12-month 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 stock has a market cap of $3.72 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 0.47 and a beta of 0.10.

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

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.