Westover Capital Advisors LLC Sells 150 Shares of Stride, Inc. (NYSE:LRN)

Westover Capital Advisors LLC trimmed its holdings in shares of Stride, Inc. (NYSE:LRN) by 2.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,629 shares of the company’s stock after selling 150 shares during the period. Westover Capital Advisors LLC’s holdings in Stride were worth $397,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of LRN. Quadrant Capital Group LLC boosted its stake in Stride by 76.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock worth $66,000 after acquiring an additional 483 shares in the last quarter. Motco bought a new position in shares of Stride during the 1st quarter worth about $74,000. EntryPoint Capital LLC acquired a new stake in shares of Stride in the 1st quarter valued at about $77,000. nVerses Capital LLC bought a new stake in Stride in the 2nd quarter valued at about $78,000. Finally, GAMMA Investing LLC raised its stake in Stride by 25.9% during the 1st quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock worth $87,000 after buying an additional 282 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LRN shares. Barrington Research boosted their price objective on Stride from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Citigroup lowered shares of Stride from a “buy” rating to a “neutral” rating and boosted their price target for the company from $77.00 to $90.00 in a research note on Tuesday, August 20th. BMO Capital Markets raised their price objective on shares of Stride from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. StockNews.com raised shares of Stride from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Canaccord Genuity Group initiated coverage on shares of Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Stride has a consensus rating of “Moderate Buy” and a consensus price target of $85.83.

Stride Stock Performance

NYSE LRN opened at $82.51 on Friday. The company has a fifty day moving average price of $76.61 and a 200-day moving average price of $69.51. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 0.77 and a beta of 0.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.10 and a quick ratio of 4.95. Stride, Inc. has a 1 year low of $43.77 and a 1 year high of $83.97.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.15. The business had revenue of $534.18 million for the quarter, compared to analysts’ expectations of $525.89 million. Stride had a net margin of 10.01% and a return on equity of 19.12%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. As a group, equities research analysts predict that Stride, Inc. will post 5.05 EPS for the current fiscal year.

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.