Westover Capital Advisors LLC Buys 1,930 Shares of Stride, Inc. (NYSE:LRN)

Westover Capital Advisors LLC lifted its stake in Stride, Inc. (NYSE:LRN) by 33.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,705 shares of the company’s stock after acquiring an additional 1,930 shares during the period. Westover Capital Advisors LLC’s holdings in Stride were worth $801,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Stride in the 4th quarter valued at approximately $37,000. Smartleaf Asset Management LLC grew its holdings in shares of Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after purchasing an additional 592 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Stride during the fourth quarter valued at approximately $165,000. Wolverine Asset Management LLC raised its stake in shares of Stride by 11.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock valued at $187,000 after purchasing an additional 183 shares in the last quarter. Finally, KBC Group NV lifted its position in Stride by 68.5% in the fourth quarter. KBC Group NV now owns 1,891 shares of the company’s stock worth $197,000 after purchasing an additional 769 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Trading Up 1.9 %

Shares of LRN stock opened at $139.37 on Tuesday. The company has a market capitalization of $6.07 billion, a P/E ratio of 23.27, a P/E/G ratio of 1.04 and a beta of 0.32. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $122.83 and a 200 day moving average price of $101.49.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. Research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LRN has been the topic of several analyst reports. Canaccord Genuity Group boosted their price target on shares of Stride from $100.00 to $130.00 and gave the company a “buy” rating in a report on Monday, January 27th. BMO Capital Markets upped their target price on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Barrington Research increased their price target on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley lifted their price objective on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.83.

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.