Westover Capital Advisors LLC Has $801,000 Stock Holdings in Stride, Inc. (NYSE:LRN)

Westover Capital Advisors LLC boosted its stake in Stride, Inc. (NYSE:LRN) by 33.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,705 shares of the company’s stock after buying an additional 1,930 shares during the quarter. Westover Capital Advisors LLC’s holdings in Stride were worth $801,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Stride during the fourth quarter worth $37,000. Smartleaf Asset Management LLC increased its position in Stride by 372.3% in 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 during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Stride during the 4th quarter worth about $165,000. Wolverine Asset Management LLC raised its stake in shares of Stride by 11.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock worth $187,000 after purchasing an additional 183 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Stride by 68.5% during the 4th quarter. KBC Group NV now owns 1,891 shares of the company’s stock valued at $197,000 after buying an additional 769 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analysts Set New Price Targets

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

Stride Stock Performance

NYSE:LRN opened at $139.37 on Tuesday. The firm has a market capitalization of $6.07 billion, a PE ratio of 23.27, a PEG ratio of 1.04 and a beta of 0.32. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $122.83 and its 200 day simple moving average is $101.49.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, sell-side analysts anticipate that Stride, Inc. will post 6.67 EPS for the current year.

About Stride

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.