CW Advisors LLC Sells 90,593 Shares of Stride, Inc. $LRN

CW Advisors LLC reduced its stake in shares of Stride, Inc. (NYSE:LRN) by 56.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,865 shares of the company’s stock after selling 90,593 shares during the quarter. CW Advisors LLC owned about 0.16% of Stride worth $10,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Avantax Advisory Services Inc. lifted its holdings in Stride by 45.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,002 shares of the company’s stock worth $380,000 after buying an additional 940 shares in the last quarter. LPL Financial LLC raised its position in shares of Stride by 132.2% during the first quarter. LPL Financial LLC now owns 119,382 shares of the company’s stock worth $15,102,000 after acquiring an additional 67,971 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Stride by 374.6% during the first quarter. Harbour Investments Inc. now owns 337 shares of the company’s stock worth $43,000 after acquiring an additional 266 shares during the last quarter. US Bancorp DE lifted its stake in shares of Stride by 306.6% during the first quarter. US Bancorp DE now owns 6,733 shares of the company’s stock valued at $852,000 after acquiring an additional 5,077 shares during the period. Finally, Jefferies Financial Group Inc. bought a new position in Stride in the first quarter valued at about $412,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Price Performance

Shares of LRN stock opened at $61.00 on Friday. The company has a quick ratio of 6.69, a current ratio of 6.78 and a debt-to-equity ratio of 0.32. Stride, Inc. has a 12-month low of $60.61 and a 12-month high of $171.17. The firm has a fifty day moving average of $103.16 and a 200-day moving average of $131.68. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 0.36 and a beta of 0.03.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, October 28th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.29. Stride had a return on equity of 26.29% and a net margin of 12.76%.The firm had revenue of $620.88 million for the quarter, compared to analyst estimates of $615.50 million. During the same period in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Barrington Research dropped their price objective on Stride from $185.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Zacks Research cut shares of Stride from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Canaccord Genuity Group raised their price objective on shares of Stride from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, BMO Capital Markets set a $108.00 target price on shares of Stride and gave the company a “market perform” rating in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Stride currently has a consensus rating of “Hold” and an average target price of $141.75.

Stride Company 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.