Stride, Inc. $LRN Shares Acquired by Westover Capital Advisors LLC

Westover Capital Advisors LLC boosted its stake in shares of Stride, Inc. (NYSE:LRN) by 84.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,289 shares of the company’s stock after purchasing an additional 17,116 shares during the quarter. Westover Capital Advisors LLC owned approximately 0.09% of Stride worth $2,421,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in Stride during the 2nd quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. boosted its position in Stride by 78.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after purchasing an additional 85 shares during the period. Sentry Investment Management LLC acquired a new position in Stride during the 3rd quarter valued at approximately $42,000. Geneos Wealth Management Inc. boosted its position in Stride by 62.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after purchasing an additional 131 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Stride by 481.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $74,000 after purchasing an additional 424 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Stock Up 0.1%

LRN opened at $88.72 on Monday. Stride, Inc. has a one year low of $60.61 and a one year high of $171.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.14 and a current ratio of 6.21. The stock’s fifty day moving average is $90.59 and its 200-day moving average is $79.03. The company has a market capitalization of $3.77 billion, a PE ratio of 13.69, a P/E/G ratio of 0.54 and a beta of 0.13.

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

Analyst Ratings Changes

A number of research firms recently issued reports on LRN. Canaccord Genuity Group restated a “buy” rating and set a $125.00 price objective on shares of Stride in a research report on Wednesday, January 28th. Barrington Research restated an “outperform” rating and set a $125.00 price objective on shares of Stride in a research report on Thursday, April 16th. Wall Street Zen downgraded Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a research note on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Stride has an average rating of “Hold” and an average price target of $109.75.

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.