Campbell Newman Asset Management Inc. Has $2.85 Million Holdings in Stride, Inc. (NYSE:LRN)

Campbell Newman Asset Management Inc. cut its holdings in shares of Stride, Inc. (NYSE:LRN) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,565 shares of the company’s stock after selling 106 shares during the period. Campbell Newman Asset Management Inc. owned 0.05% of Stride worth $2,854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its position in shares of Stride by 158.8% in the 1st quarter. Fifth Third Bancorp now owns 383 shares of the company’s stock valued at $48,000 after acquiring an additional 235 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Stride by 85.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock valued at $42,000 after acquiring an additional 178 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Stride in the 4th quarter valued at approximately $41,000. Covestor Ltd raised its position in shares of Stride by 51.6% in the 4th quarter. Covestor Ltd now owns 632 shares of the company’s stock valued at $66,000 after acquiring an additional 215 shares during the period. Finally, Gen Wealth Partners Inc acquired a new stake in shares of Stride in the 4th quarter valued at approximately $75,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Price Performance

Shares of LRN opened at $143.06 on Friday. The stock has a market capitalization of $6.23 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.04 and a beta of 0.35. Stride, Inc. has a twelve month low of $63.25 and a twelve month high of $162.30. The company has a 50 day moving average of $146.04 and a 200-day moving average of $129.61. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.07). Stride had a return on equity of 22.42% and a net margin of 12.30%. The business had revenue of $613.38 million for the quarter, compared to the consensus estimate of $591.15 million. During the same period in the prior year, the business earned $1.60 earnings per share. Stride’s revenue was up 17.8% compared to the same quarter last year. As a group, equities research analysts forecast that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LRN. Barrington Research increased their price target on shares of Stride from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. William Blair restated an “outperform” rating on shares of Stride in a report on Wednesday, April 30th. Wall Street Zen downgraded shares of Stride from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Canaccord Genuity Group raised their target price on shares of Stride from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, April 28th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Stride in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stride presently has an average rating of “Moderate Buy” and an average price target of $126.83.

Stride 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.