Stride, Inc. (NYSE:LRN) Stock Holdings Lowered by Westover Capital Advisors LLC

Westover Capital Advisors LLC lowered its position in shares of Stride, Inc. (NYSE:LRN) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,779 shares of the company’s stock after selling 336 shares during the quarter. Westover Capital Advisors LLC’s holdings in Stride were worth $343,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Stride by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,969,506 shares of the company’s stock valued at $223,777,000 after purchasing an additional 28,661 shares in the last quarter. EWA LLC purchased a new position in Stride during the fourth quarter valued at approximately $208,000. Allspring Global Investments Holdings LLC grew its position in Stride by 148.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 27,731 shares of the company’s stock worth $1,646,000 after acquiring an additional 16,579 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Stride by 89.2% in the third quarter. Envestnet Asset Management Inc. now owns 118,047 shares of the company’s stock worth $5,316,000 after acquiring an additional 55,641 shares in the last quarter. Finally, Weil Company Inc. grew its position in Stride by 38.1% in the third quarter. Weil Company Inc. now owns 48,315 shares of the company’s stock worth $2,176,000 after acquiring an additional 13,324 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Stride from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Wedbush reissued an “outperform” rating on shares of Stride in a research report on Wednesday, January 24th. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Barrington Research reissued an “outperform” rating and issued a $75.00 target price on shares of Stride in a research report on Wednesday, April 24th. Finally, BMO Capital Markets upped their price objective on shares of Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Stride currently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Stride Trading Up 2.2 %

NYSE:LRN traded up $1.51 on Friday, hitting $69.82. 655,558 shares of the stock were exchanged, compared to its average volume of 777,312. The company’s 50-day moving average price is $61.81 and its 200 day moving average price is $59.26. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 0.73 and a beta of 0.26. Stride, Inc. has a 52 week low of $35.61 and a 52 week high of $69.99. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.21 and a current ratio of 4.29.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.47 by $0.13. Stride had a net margin of 9.29% and a return on equity of 18.29%. The business had revenue of $520.84 million for the quarter, compared to the consensus estimate of $507.89 million. During the same period in the prior year, the company posted $1.30 earnings per share. Stride’s revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts forecast that Stride, Inc. will post 4.55 earnings per share for the current year.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.